Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Blue Spruce Bus Lines uses the units-of-activity method in depreciating its buses, One bus was purchased on January 1.2022 . at a cost of $240,418.
Blue Spruce Bus Lines uses the units-of-activity method in depreciating its buses, One bus was purchased on January 1.2022 . at a cost of $240,418. Over its 5 -year useful life, the bus is expected to be driven 147,400 miles. Salvage value is exected to be $9,000. (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places. eg. 0.50 ) Prepare a depreciation schedule assuming actual mileage was:2022,32,400;2023, 39,000:2024, 50,000; and 2025, 26,000. (Round cost per unilt to 2 declmal ploces, ese. 15.25 and all other answers to 0 decimal ploces, es. 5,275 ) Prepare a depreciation schedule assuming actual mileage was: 2022,32,400;2023,39,000;2024,50,000; and 2025,26,000. (Round cost per unit to 2 declmal ploces, es. 15.25 and all other enswers to 0 decimal ploces, es.5,275.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started