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Ayayai Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $135,800. Over
Ayayai Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $135,800. Over its 4-year useful life, the bus is expected to be driven 92,000 miles. Salvage value is expected to be $7,000. (b) Prepare a depreciation schedule assuming actual mileage was: 2022, 24,000; 2023, 28,000; 2024, 23,000; and 2025, 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.) Ayayai Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $135,800. Over its 4-year useful life, the bus is expected to be driven 92,000 miles. Salvage value is expected to be $7,000. (b) Prepare a depreciation schedule assuming actual mileage was: 2022, 24,000; 2023, 28,000; 2024, 23,000; and 2025, 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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