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Pronghorn Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10

image text in transcribedimage text in transcribed Pronghorn Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 152,000 miles. Taxi no. 10 cost $40,100 and is expected to have a salvage value of $2,100. Taxi no. 10 was driven 35,600 miles in 2022 and 20,800 miles in 2023. (a) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost $ per mile Compute the depreciation for each year

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