Question: Marigold Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 153,000 miles. Taxi no. 10

Marigold Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 153,000 miles. Taxi no. 10 cost $50,560 and is expected to have a salvage value of $1,600. Taxi no. 10 is driven 35,400 miles in year 1 and 20,300 miles in year 2. (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost $ per mile

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