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Flounder 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.
Flounder 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 6-year useful life, the bus is expected to be driven 161,700 miles. Salvage value is expected to be $8,500. (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit. $ eTextbook and Media 1.56 per mile Attempts: 1 of 3 used (b) 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 O decimal places, eg. 5,275) Units of Year Activity 2020 2021 2022 2023 Save for Later Computation Depreciation Cost/Unit Annual Depreciation Expense Accumulate Depreciatio Attempts: 0 of 3 used Submit Answer
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