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Current Attempt in Progress Swifty Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a
Current Attempt in Progress Swifty Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $263,321. Over its 6-year useful life, the bus is expected to be driven 174,300 miles. Salvage value is expected to be $7,100. (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ (b) eTextbook and Media 1.47 per mile Attempts: 1 of 5 used Prepare a depreciation schedule assuming actual mileage was: 2022, 46,300; 2023, 45,000; 2024, 48,000; and 2025, 35,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 5,275.) Units of Year Activity 2022 2023 2024 2025 eTextbook and Media Save for Later Computation Depreciation Cost/Unit Annual Depreciation Expense +A Accumula Depreciat Attempts: 0 of 5 used Submit Answer ing actual mileage was: 2022, 46,300; 2023, 45,000; 2024, 48,000; and 2025, 35,000. g. 15.25 and all other answers to O decimal places, e.g. 5,275.) Annual Depreciation Expense A End of Year Accumulated Depreciation SA Book Value
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