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Speedy taxi servise uses the units of production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 552,000 km. Taxi
Speedy taxi servise uses the units of production method in calculating depreciation on its taxicabs. Each cab is expected to be driven 552,000 km. Taxi cost $38,130 and is expected to have a residual value of $5,010. Taxi 10 is driven 91,000 km in 2023, and 137,000 km in 2024
a) Calculate the depreciable amount per kilometre ( round depreciable amount per unit to 3 decimal places)
b)Calculate the depreciation expense for 2023 and 2024
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