M 1rbox. pstullounccedu. UN-I O che Post lecture Assaporne..x L ? c ?? Llel 5sy
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M 1rbox. pstullounccedu. UN-I O che Post lecture Assaporne..x L ? c ?? Llel 5sy Iemnce Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $150,000. Over its 4-year useful life, the bus is expected to be driven 245,000 miles. Salvage value is expected to be $7,900. art Prepare a depreciation schedule assuming actual mileage was: 2017, 60,000; 2018, 78,000; 2019, 61,500; and 2020, 40,500. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to O decimal places,e.g.125) End of Year 2017 2018 2019 2020 Question Attempts: 0 of 5 used SAVE FOR LATER ? 10:00 PMExplanation / Answer
Cost = 150,000
Total estimated miles = 245,000
Salvage value = 7,900
Depreciation cost per unit = (cost - salvage value) / Total estimeted miles
= (150,000 - 7,900) / 245,000 = 0.58
Depreciation cost per unit 0.58Related Questions
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