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 $127,000. Over its 4-year useful life, the bus is expected to be driven 216,000 miles. Salvage value is expected to be $8,200. Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit 0.55 SHOW SOLUTION LINK TO TEXT VIDEO: APPLIED SKILLS Your answer is partially correct. Try again. Prepare a depreciation schedule assuming actual mileage was: 2017, 50,800; 2018, 66,040; 2019, 52,070; and 2020, 34,290. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to o decimal places, e.g. 125) Computation End of Year Years Units of Activity * Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value 2017 50800 0.55 27940 27940 99060 $ $ 2018 66040 0.55 36322 64262 62738 2019 52070 0.55 28639 92901 34099 x! 2020 34290 0.55

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