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Cullumber Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $131,000. Over
Cullumber Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $131,000. Over its 4-year useful life, the bus is expected to be driven 236,000 miles. Salvage value is expected to be $7.100 Your answer is correct Compute the depreciation cost per unit. (Round answer to 3 decimal places, eg. 6.251) Depreciation cost per unit $ 0.525 eTextbook and Media Attempts: 1 of 6 used Prepare a depreciation schedule assuming actual mileage was: 2022.52.400:2023, 68,200:2024.54,000 and 2025, 61,400. (Round depreciation cost per unit to 3 decimal places, eg. 0.125 and other answers to decimal places, e.g. 125) Computation End of Year Years _ Units of Activity * Depreciation Cost/Unit - = Annual Depreciation Expense Accumulated Depreciation Book V 2022 2023 2024 2025
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