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Depreciation cost per mile using unit-of-activity method

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Reference no: EM132052638

Rosco Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 140,000 miles. Taxi no. 10 cost $30,000 and is expected to have a salvage value of $300. Taxi no. 10 is driven 28,000 miles in year 1 and 18,000 miles in year 2.

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

Reference no: EM132052638

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