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Prepare a depreciation schedule assuming actual mileage was: 2014,40,000; 2015,52,000; 2016,41,000; and 2017,27,000. (Round answers to 0 decimal places, e.g. 125) Jayhawk Bus Lines uses
Prepare a depreciation schedule assuming actual mileage was: 2014,40,000; 2015,52,000; 2016,41,000; and 2017,27,000. (Round answers to 0 decimal places, e.g. 125)
Jayhawk Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2014, 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. $ The depreciation cost per unit 0.575 Prepare a depreciation schedule assuming actual mileage was: 2014, 40,000; 2015, 52,000; 2016, 41,000; and 2017, 27,000. (Round answers to 0 decimal places, e.g. 125) Computation Years 2014 2015 2016 2017 Units of Activity x End of Year Depreciation Cost/Unit $ = Annual Depreciation Expense Accumulated Depreciation $ $ Book Value $Step by Step Solution
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