Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

prepare a depreciation schedule assuming actual mileage: (check image pls) Flounder Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased

prepare a depreciation schedule assuming actual mileage: (check image pls)
image text in transcribed
image text in transcribed
Flounder Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $260,752. Over its 6.year useful life, the busis expected to be driven 161,700 miles. 5 alvage value is expected to be 48.500. (a) Compute the depreciable cost per unit (Round answer to 2 decimal places, e . .0 .50 \). ) Depreciation cost per unit 5 permile Prepare a depreciation schedule assuming actual mileage was: 2022, 28,700; 2023, 56,000; 2024,42,000; and 2025, 35,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.s. 5.275.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions