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Instructions Tdentify each statement as true or false. If false, indicate how to correct the statement. E9.5 (LO 2), AP Yello Bus Lines uses the

image text in transcribed Instructions Tdentify each statement as true or false. If false, indicate how to correct the statement. E9.5 (LO 2), AP Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Instructions a. Compute the depreciable cost per unit. b Prepare a depreciation schedule assuming actual mileage was: 2022, 26,000; 2023, 32,000; 2024, 25,000; and 2025, 17,000. E9.6 (LO 2), AP Rottino Company purchased a new machine on October 1, 2022, at a cost of $150,000. $12.000. The machine is evnected

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