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Speedy Taxi Service uses the units - of - production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 5

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 $42,969 and is expected to have a residual value of $4,950. Taxi 10 is driven 90,000km in 2023, and 138,000 km in 2024.(a) Calculate the depreciable amount per kilometre. (Round depreciable amount per unit to 3 decimal places, e.g.5.276.) Depreciable cost per kilometre $ //km.(b) Calculate the depreciation expense for 2023 and 2024. Depreciation-2023$ Depreciation-2024$

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