Question: Yello bus lines uses the units-of- activity method in depreciating its buses. One bus was purchased on January 1, 2015, at a cost of $148,000.

Yello bus lines uses the units-of- activity method in depreciating its buses. One bus was purchased on January 1, 2015, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000.

A)Compute the Depreciable cost per unit.

B) prepare a depreciation schedule assuming actual mileage was : 2015, 26,000; 2016, 32,000; 2017, 25000; and 2018, 17000.

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