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

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 $33,300 and is expected to have a salvage value of $300. Taxi 10 was driven 36,000 miles in 2024 and 34,600 miles in 2025. (a) Your answer is incorrect. Determine the depreciation cost per mile. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost per mile

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