Question: Cullumber 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

 Cullumber 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

Cullumber 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 $28,700 and is expected to have a salvage value of $700. Taxi 10 was driven 28,000 miles in 2021 and 33,300 miles in 2022. Your answer is incorrect Determine the depreciation cost. (Round answer to 2 decimal places, e8. 1.25) $ Depreciable cost per unit Compute the depreciation for each year. 2021 2022 Depreciation expense $ $

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