Sweyqandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION 4 BACK Question 1 Concord Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $279,842. Over its year useful life, the bus is expected to be driven 162,600 miles. Salvage value is expected to be $8,300. (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 1.67 per mile SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 4 of 4 used (b) Prepare a depreciation schedule assuming actual mileage was: 2020, 40,600; 2021, 42,000; 2022, 49,000; and 2023, 31,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to o decimal places, e.g. 5,275.) Computation End of Year Year Units of Activity Depreciation Cost/Unit Annual Depreciation Expense x Accumulated Depreciation Book Value 2020 $ 2021 search e 20 10:47 PM 7/25/2020