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Question - Copacabana Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January, 1, 2017, at a cost of R$145,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Residual value is expected to be R$15,000.
Required -
1. Compute the depreciable cost per unit.
2. Prepare a depreciation schedule assuming actual mileage was 2017, 27,000; 2018, 32,000; 2019, 24,000; and 2020, 17,000.
Your research can contribute to theory on the relationship between smiling and happiness by addressing a) or b). Addressing c) is a completely different matter. c) involves identifying constructs that also cause happiness.
Prepare the following in general journal form. (Credit account titles are automatically indented when amount is entered. Do not indent manually)
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Prepare and print the Income Statement and Balance Sheet for the period and also your general journal showing your journal entries
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