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Ivanhoe Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 156,000 miles. Taxi 10 cost

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Ivanhoe Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 156,000 miles. Taxi 10 cost $31,400 and is expected to have a salvage value of $200. Taxi 10 was driven 34,000 miles in 2021 and 30,800 miles in 2022 Determine the depreciation cost. (Round answer to 2 decimal places, es. 1.25.) Depreciable cost per unit eTextbook and Media Compute the depreciation for each year 2021 2022 Depreciation expense

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