CALCULATOR PRINTER VERSION BACK Brief Exercise 9-14 (Part Level Submission) Kwik

Question

CALCULATOR PRINTER VERSION BACK Brief Exercise 9-14 (Part Level Submission) Kwik Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 148,000 miles. Taxi 10 cost $20,900 and is expected to have a salvage value of $600. Taxi 10 was driven 33,000 miles in 2016 and 30,900 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 11954 per unit LINK TO TEXT Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above.

Explanation / Answer

(a) Depreciable cost = ($20,900 - $600) / 148,000

Depreciable cost = 0.14 per unit

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