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Compute the depreciation cost per unit

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Question - 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 $128,000. Over its 4-year useful life, the bus is expected to be driven 213,750 miles. Salvage value is expected to be $8,300.

(a) Compute the depreciation cost per unit.

(b) Compose ac depreciation schedule assuming actual mileage was: 2017, 51,200; 2018, 66,560; 2019, 52,480; and 2020, 34,560.

Reference no: EM132202929

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