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. (a) Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, es, 6.251) 53 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, eg. 125) ion End of Year Depreciation Cost/Unit Annual Depreciation Expense Accumulated Depreciation Book Value 0.53 25228 25228 $ 0.53 32807 58039 0.53 25864 83899 0:53 27401 111300