Exercise 10-5 (Part Level Submission)

Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $195,380. Over its5-year useful life, the bus is expected to be driven133,700miles. Salvage value is expected to be $8,200.

Prepare a depreciation schedule assuming actual mileage was: 2017,44,700; 2018,28,000; 2019,24,000; and 2020,37,000.(Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)(Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

Year Units of Activity x. Depreciation Cost /Unit = Annual Depreciation Expense Accumulated Depreciation Book Value

2017 _____________ $ ____________________ $ ________________________ $ ______________________ $ __________

2018 _____________ ____________________ ________________________ ______________________ ___________

2019. _____________ ____________________ _______________________ _______________________ ____________

2020 _____________ ______________________ ________________________ ________________________ ____________