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On January 1, Year 1, Your Ride Inc. paid $28,000 cash to purchase a taxi cab. The taxi had a 5-year useful life and a $3,500 salvage value. Required a. Determine the amount of depreciation expense that would appear on the Year 1 and Year 2 income statements using the straight- line method. Year 1 Year 2 Depreciation expense b. Determine the amount of accumulated depreciation that would appear on the Year 1 and Year 2 balance sheets. Year 1 Year 2 Accumulated depreciation