Sheffield 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 $49,520 and is expected to have a salvage value of 2,400. Taxi no. 10 was driven 35,200 miles in 2022 and 25,300 miles in 2023. find the compute depreciation for each year 2022 and 2023.

Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, eg. 0.50.) Depreciation cost $ 0.31 per mile Attempts: 1 of (a2) Compute the depreciation for each year, 2022 2023 Depreciation Save for Later Attempts: 0 of 1 used Submit Answ