Question: if you could also show how to do the years 2024 and 2025 Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One

if you could also show how to do the years 2024 and 2025
Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $140,000. Over its 4-year useful life, the bus is expected to be driven 240,000 miles. Salvage value is expected to be $9,200. . Your answer is incorrect. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ e Textbook and Media X Your answer is incorrect. Prepare a depreciation schedule assuming actual mileage was: 2022, 56,000; 2023, 72,800; 2024, 57,400; and 2025, 53,800. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to o decimal places, e.g. 125) Computation End of Year Years Units of Activity * Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value 2022 2023
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
