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.

Depreciation cost per unit $1.60per mile

A depreciation schedule assuming actual mileage was: 2020,35,500; 2021,58,000; 2022,33,000; and 2023,22,000.(Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

Year Units ofActivityxDepreciationCost /Unit=

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Annual Depreciation Expense Accumulate Depreciation Book value

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