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Monty Corp. purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $4,000, and is expected to
Monty Corp. purchased a delivery truck for $34,000 on January 1, 2022. The truck has an expected salvage value of $4,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,100 in 2022 and 14,000 in 2023.
(a1)
Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
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