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Oriole Taxi Service uses the units - of - activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 1

Oriole Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be
driven 163,000 miles. Taxi 10 cost $29,540 and is expected to have a salvage value of $200. Taxi 10 was driven 37,000 miles in 2024
and 32,500 miles in 2025.
(a)
Determine the depreciation cost per mile. (Round answer to 2 decimal places, e.g.1.25.)
Depreciable cost
$
per mile
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