Pharoah Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased...
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Pharoah Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $146,000. Over its 4-year useful life, the bus is expected to be driven 246,250 miles. Salvage value is expected to be $8,100. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ e Textbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022, 58,400; 2023, 76,000; 2024, 60,000; and 2025, 51,850. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to O decimal places, e.g. 125) Computation End of Year Years Units of Activity * Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value 2022 $ 2023 2024 2025
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