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Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of
Exercise 9-19 Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $105,000. Over its 4-year useful life, the bus is expected to be driven 190,000 miles. Salvage value is expected to be $8,100 Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit Prepare a depreciation schedule assuming actual mileage was: 2017, 42,000; 2018, 54,600; 2019, 43,050; and 2020, 28,350. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to O decimal places, e.g. 125) Computation End of Year Years 2017 2018 2019 2020 Units of Activity Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value
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