Speedy Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 161,790 miles. Taxi 10 cost $25,410 and is expected to have a salvage value of $470. Taxi 10 was driven 33,350 miles in 2013 and 33,790 miles in 2014.

Determine the depreciation cost

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