Novak Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $59,660 and is expected to have a salvage value of $1,900. Taxi no. 10 is driven 32,700 miles in year 1 and 24,800 miles in year 2. v (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per mile Click if you would like to Show Work for this question: Open Show Work
Novak Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $59,660 and is expected to have a salvage value of $1,900. Taxi no. 10 is driven 32,700 miles in year 1 and 24,800 miles in year 2. v (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per mile Click if you would like to Show Work for this question: Open Show Work
Chapter1: Financial Statements And Business Decisions
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Brief Exercise 10-07 a1-a2 (Part Level Submission)
Novak Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152.000 miles. Taxi no. 10 cost $59,660 and is expected to have a salvage value of $1,900. Taxi no. 10 is driven 32,700 miles in year 1 and 24,800 miles in year 2.
v (a1)
Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
Depreciation cost
per mile
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