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Grouper Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022, at a cost of $263,569. Over its
Grouper Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022, at a cost of $263,569. Over its 7 -year useful life, the bus is expected to be driven 156,300 miles. Salvage value is expected to be $8,800. (a) Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) per mile Prepare a depreciation schedule assuming actual mileage was: 2022,27,300;2023,61,000;2024,43,000; and 2025,25,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) Prepare a depreciation schedule assuming actual mileage was: 2022, 27,300;2023,61,000;2024,43,000; and 2025,25,000. (Round cost per unit to 2 decimal places, eg. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)
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