Question
Carla Vista Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 151,000 miles. Taxi 10
Carla Vista Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 151,000 miles. Taxi 10 cost $30,600 and is expected to have a salvage value of $400. Taxi 10 was driven 27,000 miles in 2021 and 30,100 miles in 2022.
Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.)
Depreciable cost | $enter the depreciation per unit rounded to two decimal places in dollars per unit |
eTextbook and Media
Compute the depreciation for each year.
2021 | 2022 | |||
---|---|---|---|---|
Depreciation expense | $enter the depreciation for 2021 rounded to 0 decimal places in dollars |
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