Carla Vista Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each...
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Carla Vista Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 166,000 miles. Taxi 10 cost $33,500 and is expected to have a salvage value of $300. Taxi 10 was driven 34,000 miles in 2021 and 34,600 miles in 2022. (a) Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost $ per unit Attempts: 0 of 1 used
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Carla Vista Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 166,000 miles. Taxi 10 cost $33,500 and is expected to have a salvage value of $300. Taxi 10 was driven 34,000 miles in 2021 and 34,600 miles in 2022. (a) Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost $ per unit Attempts: 0 of 1 used 