Question: Crane Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 140,000 miles. Taxi 10 cost

its taxicabs. Each cab is expected to be driven 140,000 miles. Taxi

Crane Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 140,000 miles. Taxi 10 cost $28,300 and is expected to have a salvage value of $300. Taxi 10 was driven 28,000 miles in 2021 and 33,600 miles in 2022 (a) Your answer is correct. Determine the depreciation cost. (Round answer to 2 decimal places, eg. 1.25.) Depreciable cost 0.20 per unit e Textbook and Media Assistance Used Attempts: 1 of 3 used Question 4 of 6

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