Question: Wheeler Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2014, at a cost of $279, 370.

Wheeler Bus Lines uses the units-of-activity method in depreciating its buses.

Wheeler Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2014, at a cost of $279, 370. Over its 7-year useful life, the bus is expected to be driven 187,000 miles. Salvage value is expected to be $15, 700. Compute the depreciation cost per unit. (Round answer to 2 decimal places, e.g. $0.50.) Depreciation cost per unit $ 1.41 Prepare a depreciation schedule assuming actual mileage was: 2014, 47, 200; 2015, 53, 400; 2016, 46, 600; and 2017, 39, 800. (Round answers to 0 decimal places, e.g. $2, 125 except Depreciation Cost/Unit.)

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