Concord Taxi Service uses the units of-activity method in computing depreciation on its taxicabs. Each...
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Concord Taxi Service uses the units of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,000 milles. Taxi no. 10 cost $32,340 and is expected to have a salvage value of $1,100. Taxi no, 10 was driven 28,300 miles in 2022 and 24.600 miles in 2023 (a1) Your answer is correct. Calculate depreciation cost per mile using unit of activity method. (Round answer to 2 decimal places, eg. 0.50 .) Depreciation cost per mile eTextbook and Media (a2) Compute the depreciation for each year
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