Question 5 of 10 View Policies Current Attempt in Progress Concord 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 $32,340 and is expected to have a salvage value of $1,100. Taxi no. 10 is driven 28,300 miles in year 1 and 24.600 miles in year 2. (1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, eg, 0.50.) Depreciation cost $ per mile eTextbook and Media Submit Answer Attempts: unlimited Save for Later