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Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $263,321. Over
Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $263,321. Over its 4-year useful life, the bus is expected to be driven 174,300 miles. Salvage value is expected to be $7,100. (a) Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost per unit $ $ 1.47 per mile e Textbook and Media Attempts: unlimited (b) Your answer is partially correct. Prepare a depreciation schedule assuming actual mileage was: 2022, 46,300: 2023, 45,000; 2024, 48,000; and 2025, 35,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to decimal places, e.g. 5,275.) Computation Units of Activity 46300 Depreciable Cost/Unit Year Annual Depreciation Expense 68061 Accumulat Depreciati 2022 $ 1.47 $ $ 2023 45000 1.47 66150 2024 48000 1.47 70560 2025 35000 1.47 51450 e Textbook and Media Save for Later Attempts: unlimited Submit Answer (b) Your answer is partially correct. Prepare a depreciation schedule assuming actual mileage was: 2022, 46,300; 2023,45,000; 2024, 48,000; and 2025, 35,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to decimal places, e.g. 5,275.) End of Year Depreciable Cost/Unit Annual Depreciation Expense 68061 Accumulated Depreciation 68061 Book Value 1.47 $ $ $ 1.47 66150 134211 1.47 70560 204771 1.47 51450 256221 7100 e Textbook and Media
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