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

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

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