Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of $ 274,420. Over its 4-year useful life, the bus is expected to be driven 163,000 miles. Salvage value is expected to be $ 7,100.

step by step solution would be nice

Your answer is incorrect. Compute the depreciable cost per unit. (Round answer to 2 decimal places, eg. 0.50.) Depreciation cost per unit $ per mile Your answer is partially correct. Prepare a depreciation schedule assuming actual mileage was: 2019, 48,000; 2020, 45,000; 2021, 32,000; and 2022, 38,000 (Round cost per unit to 2 decimal places, eg. 15.25 and all other answers to O decimal places, eg. 5,275.) Computation End Units of Activity Depreciation Cost/Unit Annual Depreciation Expense Accumulated Depreciation Year 2019 2020 2021 2022 48,000 $ 45,000 32,000 38,000