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Candy Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $125,000. Over
Candy Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $125,000. Over its 4-year useful life, the bus is expected to be driven220,000miles. Salvage value is expected to be $8,400.
Compute the depreciation cost per unit. (round to 3 decimal places.
I got29,150.00
Prepare a depreciation schedule assuming actual mileage was: 2017,50,000; 2018,65,000; 2019,51,250; and 2020,33,750.(Round depreciation cost per unit to 3 decimal places).
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