Current Attempt in Progress

Speedy Taxi Service uses the units$-$of$-$production method in calculating depreciation on its taxicabs. Each cab is expected to be driven

$551,000km.$ Taxi $10$ cost $$46,996$ and is expected to have a residual value of $$5,120.$ Taxi $10$ is driven $91,000km$ in $2023,$ and $136,000$

km in $2024.$

$($a$)$ Calculate the depreciable amount per kilometre. $($Round depreciable amount per unit to $3$ decimal places, e$.$g$.5\mathrm{.}276.)$

Depreciable cost per kilometre $

$\frac{?}{km}.$

$($b$)$ Calculate the depreciation expense for $2023$ and $2024.$

Depreciation$-2023$ $

Depreciation$-2024$ $