TB MC Qu. 6-70 (Algo) On January 1. Year 1, the... On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $72.000. The cab hm an expecher witnagn ynuse of 52 , soa. The company estimates that the cab will be driven 200,000 miles over its iffe. if uses the units of production method to determine depreciation expense. The cos was driven 54.000 miles the first year and 56,700 the second yeat. What would be the depteciation expense reportid on the ves 2 income vaturnent and the book value of the taxi, respectively, at the end of Year 2