Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $263,569. Over its 7-year useful life, the bus is expected to be driven 156,300 miles. Salvage value is expected to be $8,800.

Prepare a depreciation schedule assuming actual mileage was: 2017, 27,300; 2018, 61,000; 2019, 43,000; and 2020, 25,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

Depreciation cost per unit

$ per mile

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $263,569. Over its 7-year useful life, the bus is expected to be driven 156,300 miles. Salvage value is expected to be $8,800 (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit 1.63 per mile SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (b) Prepare a depreciation schedule assuming actual mileage was: 2017, 27,300; 2018, 61,000; 2019, 43,000; and 2020, 25,000. (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 End of Year Units of Acti Depreciation Cost /Unit Annual Depreciation Expense Accumulated Depreciation Book Value ear 2017 2018 2019 2020