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Chapter 10 Homework Question 3 of 10 < > Show Attempt History 0/10 !!! Current Attempt in Progress Pronghorn Taxi Service uses the units-of-activity
Chapter 10 Homework Question 3 of 10 < > Show Attempt History 0/10 !!! Current Attempt in Progress Pronghorn Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $40,100 and is expected to have a salvage value of $2,100. Taxi no. 10 is driven 35,600 miles in year 1 and 20,800 miles in year 2. (a1) Your answer is incorrect. Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost eTextbook and Media 0.25 per mile
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