Question: Current Attempt in Progress Cullumber Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at


Current Attempt in Progress Cullumber Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $131,000. Over its 4-year useful life, the bus is expected to be driven 236,000 miles. Salvage value is expected to be $7,100. Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251.) Depreciation cost per unit eTextbook and Media. $ 0.525 Attempts: 3 of 12 used Prepare a depreciation schedule assuming actual mileage was 2025, 52,400; 2026, 68,200; 2027, 54,000; and 20 (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to O decimal places, e.g. 125.) Computation Years Units of Activity x Depreciation Cost/Unit = Annual Depreciation Expense 2025 236000 2026 236000 2027 236000 2028 236000 +A Annual Depreciation Expense $ End of Year Accumulated Depreciation tA 6 Book Value
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