Question: SheffieldBus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $245,100. Over its6-year

SheffieldBus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $245,100. Over its6-year useful life, the bus is expected to be driven148,500miles. Salvage value is expected to be $7,500.

Compute the depreciable cost per unit.(Round answer to 2 decimal places, e.g. 0.50.)

Depreciation cost per unit =$ per mile

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