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Ivanhoe Bus Lines uses the units of activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of

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Ivanhoe Bus Lines uses the units of activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $119.000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,700. Compute the depreciation cost per unit. (Round answer to 3 decimal places, eg. 6.251) Depreciation cost per unit $ eTextbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022, 47.600:2023, 61.900:2024, 48,800; and 2025,51.700. (Round depreciation cost per unit to 3 decimal places, eg: 0.125 and other answers to decimal places, s. 125) Computation End of Year Years Units of Activity Depreciation Cost/Unit - Annual Depreciation Expense Accumulated Depreciation Book Valu 2022 2023

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