Question: Identify each statement as true or false. If false, indicate how to correct the statement. E9.5 (LO 2), AP Yello Bus Lines uses the units-of-activity

Identify each statement as true or false. If false, indicate how to correct the statement. E9.5 (LO 2), AP Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Compute de units-of-act Instructions a. Compute the depreciable cost per unit. b Prepare a depreciation schedule assuming actual mileage was: 2022, 26,000: 2023, 32,000: 2024, 25,000; and 2025, 17,000. mnchine on October 1 2022 at a cost of $150,000. Determin

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