Question: Pharoah Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $146,000.

Over its 4-year useful life, the bus is expected to be driven

Pharoah Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $146,000. Over its 4-year useful life, the bus is expected to be driven 246,250 miles. Salvage value is expected to be $8,100. (a) Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251.) Depreciation cost per unit 56 (b) eTextbook and Media Attempts: 2 of 3 used Prepare a depreciation schedule assuming actual mileage was 2025, 58,400; 2026, 76,000; 2027, 60,000; and 2028, 51.850. (Round depreciation cost per unit to 3 decimal places, eg, 0.125 and other answers to Odecimal places, eg. 125) Computation

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