Question: Sheridan Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $147,000.

Sheridan Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2025, at a cost of $147,000. Over its 4-year useful life, the bus is expected to be driven 248,750 miles. Salvage value is expected to be $7,700. (a) Your Answer Correct Answer Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251.) Depreciation cost per unit eTextbook and Media Solution $ 0.56 Attempts: 1 of 1 used (b) Prepare a depreciation schedule assuming actual mileage was 2025, 58,800; 2026, 76,500; 2027, 60,200; and 2028, 53,250. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to O decimal places, e.g. 125.) Computation Years Units of Activity Depreciation Cost/Unit = Annual Depreciation Expense 2025 2026 2027 2028 | $ Accumulated De $

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