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Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to b

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Answer #1
Cost 29000
Less: Residual value 200
Total Depreciable cost 28800
Divide by Total miles 144000
Depreciable cost 0.20 per unit
2
Depreciation expense:
2021 6200 =31000*0.20
2022 6700 =33500*0.20
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