Question: Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of

Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating

Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, 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 0.525 SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS Your answer is partially correct. Try again. Prepare a depreciation schedule assuming actual mileage was: 2017, 52,400; 2018, 68,120; 2019, 53,710; and 2020, 35,370. (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 > Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Years Book Value 2017 52400 0.525 27510.00 27510.00 103490.00 2018 68120 0.525 63273.00 63273.00 67727.00 X X x 2019 53170 0.525 91187.25 91187.25 39812.75 X 2020 35370 0.525 18569.25 109756.50 21242.50 Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, 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 0.525 SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS Your answer is partially correct. Try again. Prepare a depreciation schedule assuming actual mileage was: 2017, 52,400; 2018, 68,120; 2019, 53,710; and 2020, 35,370. (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 > Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Years Book Value 2017 52400 0.525 27510.00 27510.00 103490.00 2018 68120 0.525 63273.00 63273.00 67727.00 X X x 2019 53170 0.525 91187.25 91187.25 39812.75 X 2020 35370 0.525 18569.25 109756.50 21242.50

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