Question: Pharoah Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $146,000. Over

Pharoah Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, 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.

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