Question: Metlock 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

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

Metlock 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 $32,000 and is expected to have a salvage value of $1,400. Taxi no. 10 is driven 30,800 miles in year 1 and 23,000 miles in year 2. (a1) Calculate depreciable cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $ per mile

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