Speedy Taxi Service uses the units-of-production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 552,000 km. Taxi 10 cost $44,928 and is expected to have a residual value of $4,080. Taxi 10 is driven 90,000 km in 2020, and 135,000 km in 2021.

(a) Calculate the depreciable amount per kilometre. (Round depreciable amount per unit to 3 decimal places, e.g. 5.276.)

Depreciable cost per kilometre

$enter the Depreciable cost per kilometre in dollars rounded to 3 decimal places /km.

(b) Calculate the depreciation expense for 2020 and 2021.

Depreciation - 2020	$
Depreciation - 2021	$