Question: Marigold Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $224,158. Over

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

Marigold Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $224,158. Over its 8-year useful life, the bus is expected to be driven 153,800 miles. Salvage value is expected to be $7,300 Prepare a depreciation schedule assuming actual mileage was: 2020, 25,800; 2021, 46,000; 2022, 39,000; and 2023, 43,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 5,275) End of Year Annual Units of Depreciation Depreciation Accumulated Book Year Activity x Cost /UnitExpense Depreciation Value 2020 2580 148 34378 34370 021 460001416 2022 39000144990156228 2023 4300046063021685 7200 36378 64860101238 .41

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Marigold Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2027, at a cost of $224,158. Over its 8-year useful life, the bus is expected to be...

Marigold Bus Lines uses the units-of-activity method in depreciating its buses, One bus was purchased on January 1, 2022; at a cost of $224,158. Over its 8 year useful life, the bus is expected to be...

1. Blue Spruce Corp. purchased a new machine on October 1, 2019, at a cost of $134,000. The company estimated that the machine will have a salvage value of $20,000. The machine is expected to be used...

Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $131,000. Over its 4-year useful life, the bus is...

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of $205,860. Over its 4-year useful life, the bus is expected to be...

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $263,569. Over its 7-year useful life, the bus is expected to be...

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $215,150. Over its 4-year useful life, the bus is expected to be...

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $ 148,000. Over its 4-year useful life, the bus is expected to be...

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of $240,418. Over its 4-year useful life, the bus is expected to be...

FAMCO is owned by Jerry, and has 3 shareholders. Jerry owns 40 of 60 shares of Famco stock, his daughter Megan owns 10 shares and his son Sean 10 shares. Jerrys owns 2/3 (40 of 60) of shares with a...

Go to www.nike.com (Links to an external site.) and https://www.kelloggs.com/en_US/home.html (Links to an external site.)and explore their sites. From what you see, briefly describe how aperture...

Suppose that a commodity s respective forward prices for 1 year and 2 years are $ 1 2 3 and $ 1 3 1 . The 1 - year effective annual interest rate is 5 . 2 % , and the 2 - year interest rate is 5 . 9...

Elizabeth Island Airways scher. Ellermalogenal airine serving the New England area, recently suffered a major cras. As a result passengers are considered to be shy choose As there comer when making...

points to allocate between the following aspects of a job: Physical working conditions Hours of work Pay Relationships with your boss Relationships with colleagues Opportunity for promotion Benefi ts...

You have

Look up cases involving red- circling, which relates to job evaluation and equal pay claims. Examine the legal implications of the red- circling that took place in the Meteor case study.