Question: Lurrent Attempt in Progress Oriole Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a

Lurrent Attempt in Progress Oriole Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $145,000. Over its 4-year useful life, the bus is expected to be driven 245,000 miles. Salvage value is expected to be $7.800. Compute the depreciation cost per unit. (Round answer to 3 decimal places, s. 6.251) Depreciation cost per unit $ eTextbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022,58,000: 2023, 75,400,2024, 59450, and 2025, 52.150. (Round depreciation cost per unit to 3 decimal places... 0.125 and other answers to decimal places, 125) Computation End of Year Units of Activity X Depreciation Cost/Unit - Annual Depreciation Expense Accumulated Depreciation Book Value Years 2022 2023 2024 2025 eTextbook and Media
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
