Question: General Accounting Question Canyon Freightways uses the units-of-activity method to depreciate its delivery trucks. On January 1, 2025, the company purchased a truck at a

General Accounting Question

General Accounting Question Canyon Freightways
Canyon Freightways uses the units-of-activity method to depreciate its delivery trucks. On January 1, 2025, the company purchased a truck at a cost of $250,000. Over its 10-year useful life, the truck is expected to be driven 150,000 miles. The salvage value is estimated to be $15,000. Compute the depreciable cost per unit (miles driven). Round the answer to 2 decimal places

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