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Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2025 , at a cost of $105,000. Over
Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2025 , at a cost of $105,000. Over its 4-year useful life, the bus is expected to be driven 190,000 miles. Salvage value is expected to be $8,100. (a) Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251.) Depreciation cost per unit $ eTextbook and Media Solution Attempts: unlimited (b) Prepare a depreciation schedule assuming actual mileage was 2025, 42,000; 2026, 54,600;2027, 43,000; and 2028, 50,400. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125.) Blossom Company was organized on January 1 . During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Credit 10. Proceeds from salvage of demolished building Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (If an amount falls into either the Land or Buildings column, enter "Not Applicable" in the account title column. Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Sandhill Co. had the following assets on January 1,2025. During 2025 , each of the assets was removed from service. The machinery was retired on January 1 . The forklift was sold on June 30 for $11,600. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2024. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entru" far the arrau ant titloe and antor n far the amaunte 1
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