Question: Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $140,000. Over

Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, 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. (a) Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251.) Depreciation cost per unit $ eTextbook and Media Attempts: unlimited

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