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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, 2017, 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, 2017, at a cost of $263,569. Over its 4-year useful life, the bus is expected to be driven 156,300 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.) Depreciation cost per unit Prepare a depreciation schedule assuming actual mileage was: 2017, 27,300; 2018, 61,000; 2019, 43,000; and 2020, 25,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) per mile Computation End of Year Units of Activi Depreciation Cost /Unit Annual Depreciation Expense Accumulated Depreciation Book Value Year 2017 2018 2019 2020 Question Attempts: 0 of 3 used
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