Question: Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $100,000. Over

Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000. (a) Compute the depreciation cost per unit. (Round answer to 3 decimal places, eg. 6.251) Depreciation cost per unit $ Prepare a depreciation schedule assuming actual mileage was: 2022, 40,000; 2023, 52,000; 2024, 41,000; and 2025, 27,000. (Round depreciation cost per unit to 3 decimal places, eg. 0.125 and other answers to O decimal places, eg. 125) Computation End of Year Years Units of Activity * Depreciation Cost/Unit - Annual Depreciation Expense Accumulated Depreciation Book Value 2022 2$ 2$ 2$ 2023 2024 2025

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