Speedy Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,280 miles.

Speedy Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,280 miles. Taxi 10 cost $24,550 and is expected to have a salvage value of $410. Taxi 10 was driven 28,540 miles in 2013 and 33,410 miles in 2014.

Your answer is correct. Determine the depreciation cost. (Round answers to 2 decimal places, e.g. 1.25.) Depreciable cost $  per unit SHOW SOLUTION SHOW ANSWER LINK TO TEXT

Your answer is correct. Compute the depreciation for each year. (Round answers to 0 decimal places, e.g. 125.) 2013 2014 Depreciation expense $ $