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 $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000.
Compute the depreciation cost per unit. (Round answer to 3 decimal places, e. g. 6.251)
Depreciation cost per unit
$
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Prepare a depreciation schedule assuming actual mileage was: 2017, 40,000; 2018, 52,000; 2019, 41,000; and 2020, 27,000. (Round depreciation cost per unit to 3 decimal places, e. g. 0.125 and other answers to 0 decimal places, e. g. 125)
Computation
End of Year
Years
Units of Activity
*
Depreciation Cost/Unit
=
Annual Depreciation Expense
Accumulated Depreciation
Book Value
2017
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