Question: Monty Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 154,000 miles. Taxi no. 10

its taxicabs. Each cab is expected to be driven 154,000 miles. Taxi

Monty Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 154,000 miles. Taxi no. 10 cost $57,240 and is expected to have a salvage value of $1,800. Taxi no. 10 was driven 31,300 miles in 2022 and 24,400 miles in 2023. (a1) Your answer is correct. Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost 0.36 per mile\f

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