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(Solution Download) Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased o


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yello Bus Lines uses the units-of-activity method in

 

depreciating its buses. One bus was purchased on January 1, 2015,

 

at a cost of $236,666. Over its 7-year useful life, the bus is

 

expected to be driven 144,400 miles. Salvage value is expected to

 

be $7,070.

 

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Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

 

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Collapse question part

 

(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January
Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Correct answer.Your answer is correct.

 

Compute the depreciable cost per unit. (Round answer to

 

2 decimal places, e.g. 0.50.)

 

 

 

 

 

 

 

 

 

Depreciation cost per unit$Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Entry field with correct answer1.59

 

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Link to Text

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attempts: 1 of 2 used

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Collapse question part

 

(b)

 

Prepare a depreciation schedule assuming actual mileage was: 2015,

 

38,100; 2016, 42,200; 2017, 36,200; and 2018, 27,900.

 

(Round cost per unit to 2 decimal places, e.g. 15.25

 

and all other answers to 0 decimal places, e.g.

 

5,275.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation

 

 

End of Year

 

 


 


 

Year

 

 


 

Units of

 

Activity

 

Af?

 


 

Depreciation

 

Cost/Unit

 

=

 

Annual

 

Depreciation

 

Expense

 

 


 

Accumulated

 

Depreciation

 

 


 

Book

 

Value

 

2015Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January $Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January $Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January $Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January $Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January
2016Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January
2017Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January
2018Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January Image for Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January

 

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Show transcribed image text Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2015, at a cost of $236,666. Over its 7-year useful life, the bus is expected to be driven 144,400 miles. Salvage value is expected to be $7,070. Warning Don't show me this message again for the assignment Ok Cancel Warning Don't show me this message again for the assignment Ok Cancel 2018 2017 2016 $ $ $ $ (b) Prepare a depreciation schedule assuming actual mileage was: 2015, 38,100; 2016, 42,200; 2017, 36,200; and 2018, 27,900. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) Computation End of Year Year Units of Activity A???? Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value 2015 1.59 Warning Don't show me this message again for the assignment Ok Cancel Link to Text Attempts: 1 of 2 used Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit $ (a)

 


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