Question: Brief Exercise 10-7 Rosco Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 147,000 miles.

Brief Exercise 10-7 Rosco Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 147,000 miles. Taxi no. 10 cost $32,000 and is expected to have a salvage value of $540. Taxi no. 10 is driven 33,100 miles in year 1 and 26,000 miles in year 2. Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per mile Compute the depreciation for each year. (Round answers to 2 decimal places, e.g. 2,125.50.) Year 1 Year 2 Depreciation s
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