Speedy taxi service uses the units-of-activity method in

Reference no: EM13575384

Speedy Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 151,350 miles. Taxi no. 10 cost $33,830 and is expected to have a salvage value of $430. Taxi no. 10 is driven 30,020 miles in year 1 and 20,630 miles in year 2. Compute the depreciation for each year.

Reference no: EM13575384

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