Question: Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $105,000. Over

Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of

Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $105,000. Over its 4-year useful life, the bus is expected to be driven 190,000 miles. Salvage value is expected to be $8,100. Prepare a depreciation schedule assuming actual mileage was: 2022, 42,000; 2023, 54,600; 2024, 43,000; and 2025, 50,400. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125) Computation End of Year Units of Activity Accumulated Depreciation Years Depreciation Cost/Unit Annual Depreciation Expense Book Value $ $ 2022 51 2023 51 2024 51 2025 51 96900 8100

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