Question: Blue Spruce Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi no.

Blue Spruce Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi no. 10 cost $64,030 and is expected to have a salvage value of $2,800. Taxi no. 10 was driven 31,800 miles in 2022 and 19,100 miles in 2023. (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost $ 0.39 per mile Save for Later (a2) Compute the depreciation for each year. Depreciation $ 2022 Save for Later JA 2023

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