Question
Concord bus lines uses the units of activity method in depreciating it's buses. One bus was purchased on January 1 2022, at a cost of
Concord bus lines uses the units of activity method in depreciating it's buses. One bus was purchased on January 1 2022, at a cost of $307,780. Over its 6-year useful life, the bus is expected to be driven 181200 miles. Salvage value expected to be $8,800.
Prepare a depreciation schedule assuming actual milage was 2022, 51200; 2023, 34000; 2024, 52000; 2025, 44000
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
