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Need Help with accumulated depreciation and book value! Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January
Need Help with accumulated depreciation and book value!
Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ 575 eTextbook and Media Your answer is partially correct Prepare a depreciation schedule assuming actual mileage was: 2022, 40,000; 2023, 52,000; 2024, 41,000; and 2025, 27,000. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125) End of Year Computation Depreciation Cost/Unit = Annual Depreciation Expense Units of Activity Years Accumulated Depreciation Book Value 40000 $ 2022 23000 575 23000 2023 52000 575 29900 2024 41000 575 23575 2025 27000 575 15525 8000
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