Question: Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 148,000 miles. Taxi 10 cost

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

Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 148,000 miles. Taxi 10 cost $36,000 and is expected to have a salvage value of $480. Taxi 10 was driven 35,000 miles in 2021 and 20,500 miles in 2022. (a1) Calculate depreciable cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) $ per mile

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