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Concord Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab...

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Accounting

image Concord Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 157,000 miles. Taxi no. 10 cost $73,750 and is expected to have a salvage value of $3,100. Taxi no. 10 was driven 32,900 miles in 2022 and 21,200 miles in 2023. (a1) Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost $ per mile eTextbook and Media Attempts: 0 of 4 used (a2) The parts of this question must be completed in order. This part will be available when you complete the part above

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