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Martinez Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,000 miles. Taxi no. 10

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Martinez Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 142,000 miles. Taxi no. 10 cost $49,980 and is expected to have a salvage value of $1.700. Taxi no. 10 was driven 29.400 miles in 2022 and 20.700 miles in 2023 (1) Your answer is incorrect Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, es. 0.50.) Depreciation cost $ per mile Compute the depreciation for each year. 2022 2023 Depreciation $ $

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