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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.) 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 0 decimal places, e.g. 5,275.)
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