Current Attempt in Progress Sheffield Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2027, at a cost of $245,100. Over its 6-year useful life, the bus is expected to be driven 148,500 miles. Salvage value is expected to be $7,500. (a) Your Answer Correct Answer Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ eTextbook and Media Solution 1.60 per mile (b) Prepare a depreciation schedule assuming actual mileage was: 2027, 35,500; 2023, 58,000; 2024, 33,000; and 2025, 22,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) Computation End of Year Year Units of Activity X 2027 35500 $ 2023 58000 2024 33000 Depreciation Cost/Unit 1.60 $ 1.60 1.60 Annual Depreciation Expense Accumulated Depreciation 56800 $ 56800 $ 92800 52800 2025 22000 1.60 35200 Book Value 188300