Blue Spruce Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased...
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Blue Spruce Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $240,418. Over its 5-year useful life, the bus is expected to be driven 147,400 miles. Salvage value is expected to be $9,000. (a) Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ per mile Blue Spruce Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $240,418. Over its 5-year useful life, the bus is expected to be driven 147,400 miles. Salvage value is expected to be $9,000. (a) Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ per mile
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