Question: Flounder Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $260,752.

Flounder Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $260,752. Over its 6-year useful life, the bus is expected to be driven 161,700 miles. Salvage value is expected to be $8,500. (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, eg. 0.50) (b) Depreciation cost per unit $ eTextbook and Media 156 per mile Attempts: 1 of 3 used Prepare a depreciation schedule assuming actual mileage was: 2020, 28,700, 2021, 56,000, 2022, 42,000, and 2023, 35,000. (Round cost per unit to 2 decimal places, eg. 15.25 and all other answers to O decimal places, e.g. 5.275) Units of Year Activity 2020 2021 2022 2023 Computation Depreciation Cost/Unit Annual Depreciation Expense Accumulate Depreciatio

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