Question: Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $105,000. Over

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

Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $105,000. Over its 4-year useful life, the bus is expected to be driven 190,000 miles. Salvage value is expected to be $8, 100. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Prepare a depreciation schedule assuming actual mileage was: 2017, 42,000; 2018, 54, 600; 2019, 43, 050; and 2020, 28, 350. (Round depreciation cost per i nit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125)

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