Exercise 9-5 (Part Level Submission)

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2015, at a cost of $305,082. Over its 4-year useful life, the bus is expected to be driven 206,300 miles. Salvage value is expected to be $8,010. Collapse question part

(a) Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)