Question: Question 5 -/1 View Policies Current Attempt in Progress Monty Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is

 Question 5 -/1 View Policies Current Attempt in Progress Monty Taxi

Question 5 -/1 View Policies Current Attempt in Progress 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 is driven 31,300 miles in year 1 and 24,400 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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