Marigold Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven 156,000 miles. Taxi 10 cost $34,000 and is expected to have a salvage value of $1,240. Taxi 10 was driven 34,000 miles in 2021 and 22,000 miles in 2022.
(a1)
Calculate depreciable cost per mile using unit-of-activity method. (Round answer to 2 decimal places, eg. 0.50.)
Depreciable cost $ per mile