Novak Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $299,818. Over its 6-year useful life, the bus is expected to be driven 190,600 miles. Salvage value is expected to be $8,200.

(a)

Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)

Depreciation cost per unit

$ per mile