Question: Oriole Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $125,000.

Oriole Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $125,000. Over its 4-year useful life, the bus is expected to be driven 220,000 miles. Salvage value is expected to be $8,400. (a) Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251.) Depreciation cost per unit $

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!

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 $125,000. Over its 4-year useful life, the bus is expected to be...

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,...

Hello, Can someone please help me with the following question? See below for details. Thanks! . The following three accounts appear in the general ledger of Sheffield Corp. during 2022. Equipment ...

Oriole Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2025, at a cost of $145,000, Over its 4 -year useful life, the bus is expected to be...

Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $131,000. Over its 4-year useful life, the bus is expected to be...

kindly answer missing parts (b) Prepare a depreciation schedule assuming actual mileage was: 2022, 40,600; 2023, 42.000; 2024, 49,000; and 2025, 31.000. (Round cost per unit to 2 decimal places, e.g....

Ayayai Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $135,800. Over its 4-year useful life, the bus is expected to be...

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, 2022, at a cost of $ 148,000. Over its 4-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...

In a certain city, 30% of the families have a MasterCard, 20% have an American Express card, and 25% have a Visa card. Eight percent of the families have both a MasterCard and an American Express...

peter cuneo leadership style

9.21 In a study conducted by the Department of Biological Sciences at Virginia Tech, fifteen samples of water were collected from a certain station in the James River in order to gain some insight...

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Graham had used several real accounts for testing his new Web site programs, and it was those accounts for which Trevor received the credit card data. Trevor had no intention of stealing such data....

Consider the security needs of the Web site: MRVs Web site is hosted by an independent vendor. If MRV stores customers names and email addresses, but no credit card data, on that server, a. What...

Review the threats and safeguards. For each threat in Figure 12-1: a. Give an example of how that threat could compromise IS, data, or IT at MRV. b. Is MRV particularly vulnerable to that threat...