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Exercise 9-5 Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of
Exercise 9-5 Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of $273,346. Over its 4-year useful life, the bus is expected to be driven 163,300 miles. Salvage value is expected to be $8,800. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost per unit 1.62 per mile LINK TO TEXT VIDEO: APPLIED SKILLS Prepare a depreciation schedule assuming actual mileage was: 2019, 51,300; 2020, 37,000; 2021, 34,000; and 2022, 41,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to o decimal places, e.g. 5,275.) Computation End of Year Units of Activity Annual Depreciation Expense Year Depreciable Cost/Unit Book Value X Accumulated Depreciation = 2019 2020 2021 2022 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: APPLIED SKILLS
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