Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

depreciation schedule Ivanhoe Bus Lioes uses the units-of-activity methed in depreciating its buses. One bus was purctused on Janaary 1, 2025, at a cost of

depreciation schedule image text in transcribed
image text in transcribed
image text in transcribed
Ivanhoe Bus Lioes uses the units-of-activity methed in depreciating its buses. One bus was purctused on Janaary 1, 2025, at a cost of $119,000, Over its 4 year useful life, the bos is expected to be deriven 210,000 miles. 53 alvage value is expected to be 57,700 (b) Prepare a depreciation schedile assuming actual milesge was 2025, 47,600; 2026,61,900; 20,27, 40,000; and 202:,51,700. (Round depreciotion cost per unit to 3 decimol ploces, 9.0.125 and other answers to 0 decimal ploces, ea. 125 .) Prepare a depreciation schedule assuming actual mileage was 2025,47,600;2026,61,900,2027,48,800; and 2028, 51,700 (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal ploces, e.3. 125. .) Prepare a depreciation schedule assuming actual mileage was 2025, 47,600; 2026, 61,900, 2027, 48,800; and 2028, 51,700 (Round depreciation cost per unit to 3 decimal places, es. 0.125 and other answers to 0 decimal places, e.s. 125.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions