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Prepare a depreciation schedule assuming actual mileage was: 2022, 29,900; 2023, 59,000; 2024, 40,000; and 2025, 19,000. Whispering Winds Bus Lines uses the units-of-activity method
Prepare a depreciation schedule assuming actual mileage was: 2022, 29,900; 2023, 59,000; 2024, 40,000; and 2025, 19,000.
Whispering Winds Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $243,161. Over its 7-year useful life, the bus is expected to be driven 147,900 miles. Salvage value is expected to be $8,000. (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ 1.59 per mile Computation Units of Activity Depreciation Cost/Unit Annual Depreciation Expense Year = 2022 ta $ 2023 2024 2025 End of Year Accumulated Depreciation Book Value $ taStep by Step Solution
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