- 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 35 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.