Question: Rosco Taxi Service uses the units-of activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,000 miles. Taxi no.

Rosco Taxi Service uses the units-of activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,000 miles. Taxi no. 10 cost exist38,000 and is expected to have a salvage value of exist710. Taxi no. 10 is driven 28,300 miles in year 1 and 24,600 miles in year 2. Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 d mal places, e.g. 0.50.) Depreciation cost exist per mile Compute the depreciation for each year (Round answers to o decimal places, g. 125.)

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