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

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