Question: Cullumber Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 146,000 miles. Taxi 10 cost

Cullumber Taxi Service uses the units-of-activity method in computing depreciation on

Cullumber Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 146,000 miles. Taxi 10 cost $29,500 and is expected to have a salvage value of $300. Taxi 10 was driven 29,000 miles in 2021 and 34,500 miles in 2022. Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) per unit Depreciable cost? e Textbook and Media Compute the depreciation for each year. 2021 2022 Depreciation expense $

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