Question: Swifty 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
Swifty 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 $49,360 and is expected to have a salvage value of $2,500. Taxi no. 10 was driven 35,500 miles in 2022 and 25,000 miles in 2023. (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, eg. 0.50) Depreciation cost $ permile Assistance Used Attempts: 1 of 3 used (a2) Compute the depreciation for each year
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