Question: Exercise 9-5 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

Exercise 9-5 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 $156,463. Over its 7-year useful life, the bus is expected to be driven 105,300 miles. Salvage value is expected to be $7,990. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per units Prepare a depreciation schedule assuming actual mileage was: 2015, 26,500; 2016, 33,400; 2017, 26,100; and 2018, 19,300. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to o decimal places, e.g. 5,275.) Computation End of Year Units of Activity Annual Depreciation Expense Depreciation Cost/Unit X Accumulated Depreciation Book Value Year = 2015 2016 2017 2018
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