Kwik 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 $25,900 and is expected to have a salvage value of $300. Taxi 10 was driven 29,000 miles in 2016 and 34,500 miles in 2017. Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) per unit Depreciable cost $ On November 1, 2016, Wildhorse Co. places a new asset into service. The cost of the asset is $72000 with an estimated 5-year life and $8000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Wildhorse Co. uses the straight-line method of depreciation? une service the cost tra tas 200 with a svetlo na sono $7200. $12800. $2133. $3200