Question: Bridgeport Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 146,000 miles. Taxi no. 16
Bridgeport Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 146,000 miles. Taxi no. 16 cost $65,780 and is expected to have a salvage value of $3,000. Taxi no. 10 was driven 33,300 miles in 2022 and 21,500 miles in 2023. Please Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.5 And also compute the depreciation for each year 2022 and 2023
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