Question: Sheridan Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $126,000. Over

Sheridan Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $126,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $8,400.

Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251)

Depreciation cost per unit

$enter the depreciation cost per unit in dollars rounded to 3 decimal places

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Prepare a depreciation schedule assuming actual mileage was: 2022, 50,400; 2023, 65,500; 2024, 51,600; and 2025, 42,500. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125)

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