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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 551,000 km. Taxi 10 cost
Speedy Taxi Service uses the units-of-production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 551,000 km. Taxi 10 cost $46,465 and is expected to have a residual value of $5,140. Taxi 10 is driven 90,000 km in 2020, and 136,000 km in 2021. (a) Calculate the depreciable amount per kilometre. (Round depreciable amount per unit to 3 decimal places, e.g. 5.276.)
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