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Bridgeport Taxi Service uses the units - of - activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 1

Bridgeport Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 160,000 miles. Taxi no.10 cost $65,000 and is expected to have a salvage value of $1,000. Taxi no.10 was driven 35,700 miles in 2022 and 24,300 miles in 2023.
(a1)
Your answer is correct.
Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 declmal places, e.g.0.50.)
Depreciation cost per mile
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(a2)
Compute the depreciation for each year.
2022
Depreciation
$
Depreciation cost
eTextbook and Media
Attempts: 1 of 3 used
Compute the depreciation for eachyear.
2023
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