Brief Exercise 9-7 (Part Level Submission) Cheyenne Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 143,000 miles. Taxi no. 10 cost $37,000 and is expected to have a salvage value of $1,250. Taxi no. 10 is driven 32,900 miles in year 1 and 23,100 miles in year 2. Collapse question part (a1) Incorrect answer. Your answer is incorrect. Try again. Calculate depreciable cost per mile using the unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost $Entry field with an incorrect answer now contains modified data per mile