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Extra Financial Services uses the units of activity method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred

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Extra Financial Services uses the units of activity method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during the first three years: 2019 March 31 Purchased a bus for the employees for $4,500 cash plus value-added tax of $250. Nov. 1 incurred ordinary repairs on the bus of $600. Dec. 31 Recorded 2019 depreciation on the basis that the bus has a four-year life in which it can drive for 100,000 kilometers. and estimated salvage value of $750. The actual kilometers in 2019 were 10,000 kilometers only. Based on the given information above, the depreciation expense for the bus in 2019 would be: Select one: a. 650 b. 400 c. 675 d. 750

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