Brief Exercise 9-14 Kwik 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 $20,900 and is expected to have a salvage value of $600. Taxi 10 was driven 33,000 miles in 2016 and 30,900 miles in 2017 Determine the depreciation cost. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost $ per unit SHOW SOLUTION Compute the depreciation for each year. (Round answers to O decimal places, e.g. 125.) 2016 2017 Depreciation expenses SHOW SOLUTION