Question: Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022 , at a cost of $117,000. Over

$117,000. Over its 4 -year useful life, the bus is expected to

Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022 , at a cost of $117,000. Over its 4 -year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,800. Prepare a depreciation schedule assuming actual mileage was: 2022, 46,800;2023,60,000;2024,47,000; and 2025,56,200. (Round depreciation cost per unit to 3 decimal places, eg. 0.125 and other answers to O decimal places, eg. 125) age was: 2022,46,800;2023,60,000;2024,47,000; and 2025,56,200 0.125 and other answers to 0 decimal places, e.g. 125)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Show Attempt History Current Attempt in Progress Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $117.000. Over...

Please show work. I need help with the book value part Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $130,000....

Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $101,000. Over its 4-year useful life, the bus is expected to be...

Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $130,000. Over its 4-year useful life, the bus is expected to be...

Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022. at a cost of $117.000. Over its 4-year useful life, the bus is expected to be...

9. Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022 , at a cost of $117,000. Over its 4 -year useful life, the bus is expected to...

please fill out ALL info on part B, thank you! Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $130,000, Over its...

can you please explain calculations for accumulated depfeciation and book value need to understand where i am going wrong Blossom Bus Lines uses the units-of-activity method in depreciating its...

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $ 148,000. Over its 4-year useful life, the bus is expected to be...

Average internal combustion engine (ICE) assembly line assembles on 2200 parts into one engine at a cost of USD 4,900. Whereas an Electrical Vehicle (EV) motor constitutes only 25 moving parts to...

The maker of DURACELL batteries is advertising that its batteries are longer lasting than those of ENERGIZER. Is such a statement actionable? Discuss.

18. LO.7 Chip and Dale are the only shareholders of VisitTime, a medical transportation firm that is organized as an S corporation. VisitTime makes quarterly estimated income tax payments, related to...

Which of the following are strategies to improve the quality and understanding of product literature? Minimize and simplify narrative text Maximize drawing power Use illustrations whenever possible...

What does it take to become an intercultural competent communicator?

What are some of the ways you use high-context communication? What are some of the ways you use low-context communication? Which do you prefer?

Is your relationship with your professors indicative of large or small power distance?