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New York Limousine Service owns limos and uses the units - of - production method in computing depreciations on its limos . Each limo costing
New York Limousine Service owns limos and uses the unitsofproduction method in computing depreciations on its limos Each limo
costing $ is expected to be driven miles and is expected to have a salvage value of $ Limo # was driven
miles in year and miles in year
Determine the depreciation for each year and the book value at the end of year
a The depreciation for the first year of use of the limo # is $
Round to the nearest dollar.
b The depreciation for the second year of use of the limo # is $
Round to the nearest dollar.
c The book value at the end of year is $
Round to the nearest dollar.
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