Answer-a-1)- Depreciation cost per mile using unit-of-activity method =$0.36 per mile driven.
Explanation- Unit of production method:-Annual depreciation expense per unit-
=Cost – salvage /Total miles driven
=($57240-$1800)/154000 miles
=$0.36 per mile driven
a-2)- The depreciation expense for Year 1 = $11268.
. Book value at end of Year 2 = $8784.
Explanation- Unit of production method:-Annual depreciation expense per unit-
=Cost – salvage /Total miles driven
=($57240-$1800)/154000 miles
=$0.36 per mile driven
Depreciation expense in year 1= Depreciation expense per mile*Miles driven
=$0.36 per mile driven*31300 miles
=$11268
Depreciation expense in year 2= Depreciation expense per mile*Miles driven
=$0.36 per mile driven*24400 miles
=$8784
Question 5 0.5/1 View Policies Show Attempt History Current Attempt in Progress Monty Taxi Service uses...
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