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Carla Vista uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 348,500 km over its life. Taxi

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Carla Vista uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 348,500 km over its life. Taxi 10 was purchased on March 1, 2020, for $35,370 and is expected to have a residual value of $520. Taxi 10 was driven 115,630 krn in 2020 and 104,370 km in 2021. Carla Vista has a December 31 year end. Calculate the depreciation expense on Taxi 10 for 2020 and 2021. Year Depreciation expense 2020 $ 2021 $

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