Current Attempt in Progress Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 168,000 miles. Taxi 10 cost $34,300 and is expected to have a salvage value of $700. Taxi 10 was driven 37,000 miles in 2024 and 31,800 miles in 2025. (a) Your answer is incorrect. Determine the depreciation cost per mile. (Round answer to 2 decimal places, e.g. 1.25.) Depreciable cost $ per mile

Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 168,000 miles. Taxi 10 cost $34,300 and is expected to have a salvage value of $700. Taxi 10 was driven 37,000 miles in 2024 and 31.800 miles in 2025. (a) Your answer is incorrect. Determine the depreciation cost per mile. (Round answer to 2 decimal places, eg. 1.25.) Depreciable cost $ per mile