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Calculating the book value

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Question - Concord Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $307,780. Over its 6-year useful life, the bus is expected to be driven 181,200 miles. Salvage value is expected to be $8,800.

Depreciation schedule assuming actual mileage was: 2020, 51,200; 2021, 34,000; 2022, 52,000; and 2023, 44,000.

Required - Calculating the book value.

Reference no: EM132839913

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