Question: Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $215,150. Over


Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $215,150. Over its 4-year useful life, the bus is expected to be driven 142,500 miles. Salvage value is expected to be $7,100. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit per mile Prepare a depreciation schedule assuming actual mileage was: 2020,38,500; 2021, 31,000; 2022, 31,000; and 2023, 42,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) End of Year Depreciation Cost/Unit Annual Depreciation Expense Accumulated Depreciation Book Value $ $ $ Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $215,150. Over its 4-year useful life, the bus is expected to be driven 142,500 miles. Salvage value is expected to be $7,100. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ per mile Prepare a depreciation schedule assuming actual mileage was: 2020,38,500: 2021, 31,000; 2022, 31,000; and 2023, 42,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) Computation Units of Activity Depreciation Cost/Unit Annual Depreciation Expense Accumu Depreci Year 2020 $ $ $ 2021 2022 2023
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