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View Policies Current Attempt in Progress Speedy Taxi Service uses the units-of-production method in calculating depreciation on its taxicabs. Each cab is expected to
View Policies Current Attempt in Progress 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 $40,335 and is expected to have a residual value of $4,520. Taxi 10 is driven 93,000 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.) Depreciable cost per kilometre $ (b) Calculate the depreciation expense for 2020 and 2021. Depreciation-2020 $ Depreciation-2021 $ eTextbook and Media Save for Later /km. Attempts: 0 of 3 used Submit Answer
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