Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help on A2 i need the depreciation for 2022 and 2023 Flounder Twil Service uses the units-of-activity method in computing depreciation on its

i need help on A2
i need the depreciation for 2022 and 2023
image text in transcribed
Flounder Twil Service uses the units-of-activity method in computing depreciation on its takicabs. Each cab is expected to be drlven 147,000 miles. Taxi no. 10 cost $42,560 and is expected to have a salvage value of $1,400. Taxi no. 10 was driven 33,100 miles in 2022 and 26.000 miles in 2023 (a1) Your anwwer is correct. Calculate depreciation cost per mile using unit-of-activity method (Round answer to 2 decimal ploces, es 0.50) Depreciation cost $ permile eTextbook and Media Attemptsi 1 olelised (a2) Compate the depreciation for each year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

1118334329, 978-1118334324

More Books

Students also viewed these Accounting questions

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago

Question

Discuss the goals of financial management.

Answered: 1 week ago