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Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost
Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $260,752. Over its 4-year useful life, the bus is expected to be driven 161,700 miles. Salvage value is expected to be $8,500. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ per mile LINK TO TEXT Prepare a depreciation schedule assuming actual mileage was: 2020, 28,700; 2021, 56,000; 2022, 42,000; and 2023, 35,000. (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 Units of Activity Annual Depreciation Expense Depreciation Cost /Unit Year Accumulated Depreciation Book Value = 2020 $ $ $ $ 2021 2022 2023 Click if you would like to Show Work for this question: Open Show Work
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