Question: Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost

Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit per mile Your answer is partially correct. Try again. Prepare a depreciation schedule assuming actual mileage was: 2020, 26,000; 2021, 32,000; 2022, 25,000; and 2023, 17,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) Computation End of Year Units of Activity Annual Depreciation Expense Depreciation Cost/Unit * Year Accumulated Depreciation = Book Value x 26000 1.4 36400 L 36400 x 32000 44800 4 4800 2022 T 25000 35000 3500 2023 T 17000 23800 23800
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