Question: Sandhill Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 141,000 miles. Taxi 10 cost

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

Sandhill Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 141,000 miles. Taxi 10 cost $28,700 and is expected to have a salvage value of $500. Taxi 10 was driven 28,000 miles in 2021 and 30,900 miles in 2022. Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) per unit per unit Depreciable cost eTextbook and Media Compute the depreciation for each year. 2021 2022 Depreciation expense $ Tortbook and Media

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