Question: Crane Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 150,000 miles, Taxi 10 cost

Crane Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 150,000 miles, Taxi 10 cost $30,300 and is expected to have a salvage value of $300. Taxi 10 was driven 36,000 miles in 2021 and 34,600 miles in 2022 Determine the depreciation cost. (Round answer to 2 decimal places, eg. 1.25.) Depreciable cost per unit e Textbook and Media Compute the depreciation for each year. 2021 2022 Depreciation expense $

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