Business, 21.04.2020 22:52 jameslinimk

Sunland 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 no. 10 cost $38,000 and is expected to have a salvage value of $1,000. Taxi no. 10 is driven 28,500 miles in year 1 and 21,500 miles in year 2.

a. Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e. g. 0.50.)

Depreciation cost: $ per mile

b. Compute the depreciation for each year. (Round answers to 0 decimal places, e. g. 125.)

Depreciation:

Year 1: $

Year 2: $

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:10, nerdypineapple

What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?

Answers: 3

continue

Business, 22.06.2019 23:00, brok3morgan

The quinoa seed is in high demand in wealthier countries such as the u. s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

Answers: 3

continue

Business, 22.06.2019 23:30, icantspeakengles

Sally mitchell works as a manager at an environmental organization. she is currently working on a global warming project and decides which tasks related to creating awareness about the issue need to be done. in addition, she is also deciding which members of her team will work on engaging with the public and which will work on lobbying with the government. she is also assigning people as team members to ensure that tasks are undertaken on time. which of the following categories of functions is mitchell undertaking? envisioning organizing controlling planning

Answers: 1

continue

Business, 22.06.2019 23:50, jtroutt74

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:

Answers: 1

continue

You know the right answer?

Sunland Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Ea...