Question: Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $226,472. Over

 Yello Bus Lines uses the units-of-activity method in depreciating its buses.
One bus was purchased on January 1, 2020, at a cost of
$226,472. Over its 4-year useful life, the bus is expected to be
driven 139,600 miles. Salvage value is expected to be $7,300. Your answer

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $226,472. Over its 4-year useful life, the bus is expected to be driven 139,600 miles. Salvage value is expected to be $7,300. Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.8.0.50.) Depreciation cost per unit $ 1.57 per mile e Textbook and Media - Your answer is partially correct. Prepare a depreciation schedule assuming actual mileage was: 2020,31.600:2021.37.000:2022.27 000 dann .. Your answer is partially correct. Prepare a depreciation schedule assuming actual mileage was: 2020, 31,600; 2021, 37,000; 2022, 27,000; and 2023,4 (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to decimal places, e.g. 5,275.) Computation Units of Activity 34900 Depreciation Cost/Unit Year 2020 Annual Depreciation Expense 54793 Accumulated Depreciation 1.57 547 2021 34900 54793 1099 2022 34900 54793 1643 2023 34900 54793 2191 End of Year Annual Depreciation Expense Accumulated Depreciation Book Value 54793 54793 171679 54793 109586 116886 54793 164379 62093 54793 219172 7300 - Your answer is partially correct. Prepare a depreciation schedule assuming actual mileage was: 2020, 31,600:2021, 37,000; 2022, 27,000; and 2023, 44,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to decimal places, e.g. 5,275) Computation End of

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!