Sarasota Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab...
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Sarasota Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,000 miles. Taxi no. 10 cost $43,480 and is expected to have a salvage value of $2,300. Taxi no. 10 was driven 35,600 miles in 2022 and 20,900 miles in 2023.
Compute the depreciation for each year.
| 2022 | 2023 | |||
|---|---|---|---|---|
| Depreciation | $enter a dollar amount | $enter a dollar amount |
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