Sunshine Taxi Company purchased a taxi on October 1, 2018, for $8,500. The taxi was expected to have a useful life of 5 years, or 102,500 miles, and a residual value of $300. The taxi was driven for 5,800 miles during 2018; 24,600 miles during 2019; 23,200 miles during 2020; 22,500 miles during 2021; 19,300 miles during 2022; and 12,400 miles during 2023.

a.) Complete the following depreciation schedule for the taxi, assuming Sunshine Taxi Company uses the straight-line method to calculate depreciation expense.

b.) Complete the following depreciation schedule for the taxi, assuming Sunshine Taxi Company uses the units-of-production method to calculate depreciation expense.

c.) Complete the following depreciation schedule for the taxi, assuming Sunshine Taxi Company uses the declining-balance method at twice the straight-line rate to calculate depreciation expense.

Year Cost Cost - Residual Depreciation Expense Accumulated Depreciation Book Value 2018 2019 2020 2021 2022 2023