## (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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(a)

Compute the depreciable cost per unit. (Round answer to

2 decimal places, e.g. 0.50.)

 Depreciation cost per unit \$1.59

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 Attempts: 1 of 2 used

(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 2015 \$ \$ \$ \$ 2016 2017 2018

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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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This question was answered on: Dec 08, 2020

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