Question: 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 $119,000. Over

Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses.

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 $119,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,700. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ .53 e Textbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022, 47,600; 2023, 61,900; 2024, 48,800; and 2025, 51,700. (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 2024 2025

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