Question: Sheffield Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10

Sheffield Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $49,520 and is expected to have a salvage value of $2,400. Taxi no. 10 was driven 35,200 miles in 2022 and 25,300 miles in 2023. (a2) Compute the depreciation for each year. 2022 2023 Depreciation $ $

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