Jerry Englehart Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 120,000 miles. Taxi 10 cost \(\$ 24,500\) and is expected to have a salvage value of \(\$ 500\). Taxi 10 was driven 30,000 miles in 1997 and 20,000 miles in 1998. Compute the depreciation for each year Compute declining-balance depreciation