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Current Attempt in Progress Novak Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven
Current Attempt in Progress Novak Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $59,660 and is expected to have a salvage value of $1,900. Taxi no. 10 was driven 32,700 miles in 2022 and 24,800 miles in 2023. (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost $ per mile eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer
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