Question: PROVIDE ME WITH EXPLANATION PLEASE E8.3 Calculate depreciation under units-ofproduction method. L04 AJ Bus Ltd uses the units-ofproduction method in depreciating its buses. One bus

PROVIDE ME WITH EXPLANATION PLEASE

E8.3 Calculate depreciation under units-ofproduction method. L04 AJ Bus Ltd uses the units-ofproduction method in depreciating its buses. One bus was purchased on 1 January 2018 at a cost of $268 000. Over its 5year useful life, the bus is expected to be driven 120 000 kilometres. Residual value is expected to be $10 000. Required a. Calculate the depreciation cost per unit. b. Prepare a depreciation schedule assuming actual distance travelled was: 2018, 29 000 km; 2019, 28 000 km; 2020, 30 000 km; 2021, 20 000 km; and 2022,13 000 km

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