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Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 160,000 miles. Taxi 10 cost
Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 160,000 miles. Taxi 10 cost $31,000 and is expected to have a salvage value of $600. Taxi 10 was driven 30,000 miles in 2021 and 24,000 miles in 2022 . (a1) Calculate depreciable cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.s. 0.50.) Depreciable cost $ permile Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount reduces the account balance then enter with a negative sign preceding the number, e.g. 15,000 or parenthesis, e.g. (15,000). Monty Corp, was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order
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