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Marigold Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $224,158. Over
Marigold Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $224,158. Over its 8-year useful life, the bus is expected to be driven 153,800 miles. Salvage value is expected to be $7,300 Prepare a depreciation schedule assuming actual mileage was: 2020, 25,800; 2021, 46,000; 2022, 39,000; and 2023, 43,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 5,275) End of Year Annual Units of Depreciation Depreciation Accumulated Book Year Activity x Cost /UnitExpense Depreciation Value 2020 2580 148 34378 34370 021 460001416 2022 39000144990156228 2023 4300046063021685 7200 36378 64860101238 .41
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