Question 15 Not yet answered Points out of 2.28 Flag question On January 1, 2019, the City Taxi Company purchased a new

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Question 15 Not Yet Answered Points Out Of 2 28 Flag Question On January 1 2019 The City Taxi Company Purchased A New 1 (26.82 KiB) Viewed 34 times

Question 15 Not yet answered Points out of 2.28 Flag question On January 1, 2019, the City Taxi Company purchased a new taxi cab for $36,000. The cab has an expected salvage value of $6,000. The company estimates that the cab will be driven 100,000 miles over its life. It uses the units of production method to determine depreciation expense. The cab was driven 25,000 miles the first year and 28,000 the second year. What would be the depreciation expense reported on the 2020 income statement and the accumulated depreciation of the taxi at the end of 2020? a $10,080/$19,080. Ob. $8,400/$15,900. Qc. $8,400/$8,400. Od $10,080/$10,080.