Kwik Taxi Service uses the units-of-activity method in computing depreciation on

Question

Kwik Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 140,000 miles. Taxi 10 cost $24,300 and is expected to have a salvage value of $700. Taxi 10 was driven 28,000 miles in 2016 and 33,300 miles in 2017. Your answer is incorrect. Try again. Determine the depreciation cost.Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost LINK TO TEXT Your answer is incorrect. Try again. Compute the depreciation for each year. (Round answers to 0 decimal places, e.g. 125.) 2016 2017 Depreciation expense

Explanation / Answer

Depreciable cost=(24300-700)/140000 = $0.17 2 Depreciation expense: 2016 4760 =28000*0.17 2017 5661 =33300*0.17

Related Questions

Navigate

• Browse (All)
• Browse K
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.