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

Sheridan Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 141,000 miles. Taxi 10 cost $31,520 and is expected to have a salvage value of $500. Taxi 10 was driven 35,000 miles in 2024 and 30,900 miles in 2025.
(a)
Determine the depreciation cost per mile. (Round answer to 2 decimal places, es.1.25.)
Depreciable cost per mile
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