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

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Rosco 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 no. 10 cost $32,000 and is expected to have a salvage value of $330. Taxi no. 10 is driven 35, 900 miles in year 1 and 25, 400 miles in year 2. Calculate depreciation cost per mile using unit-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost $ per mile Compute the depreciation for each year. (Round answers to 0 decimal places, e.g. 125.)

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