Question: 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 $135,800. Over

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 $135,800. Over its4-year useful life, the bus is expected to be driven92,000miles. Salvage value is expected to be $7,000.

depreciation cost per unit is $1.4 per mile.

Prepare a depreciation schedule assuming actual mileage was: 2017,24,000; 2018,28,000; 2019,23,000; and 2020,17,000.(Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

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