Homework Answers
5-a) Depreciation cost per mile= (Original cost-Salvage value)/Expected miles
= ($168000-8000)/100000= $1.60 per mile
b)
| Computation | End of Year | ||||||
| Year | Units of activity | * | Depreciation cost/unit | = | Deprecation expense | Accumulated depreciation | Book value |
| 2010 | 26000 | * | $1.60 | = | $41600 | $41600 | (168000-41600)= $126400 |
| 2011 | 32000 | * | $1.60 | = | 51200 | (41600+51200)= 92800 | (126400-51200)= 75200 |
| 2012 | 25000 | * | $1.60 | = | 40000 | (92800+40000)= 132800 | (75200-40000)= 35200 |
| 2013 | 17000 | * | $1.60 | = | 27200 | (132800+27200)= 160000 | (35200-27200)= 8000 |
6-a) Under Straight line Method
Depreciation expense for 2010= (Original cost-Salvage value)/Expected years life*3/12
= ($120000-12000)/5*3/12= $5400
From Oct 1-Dec 31= 3 months
Under Units-of-activity Method
Depreciation expense per hour= (Original cost-Salvage value)/Expected working hours
= ($120000-12000)/10000= $10.80 per hour
Depreciation expense for 2010= Depreciation expense per hour*Machine usage
= $10.80*1700= $18360
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Compute the depreciable cost per unit. (Round answer
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Prepare a depreciation schedule assuming actual mileage was:
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Swifty Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2020,
at a cost of $263,321. Over its 6-year useful life, the bus is
expected to be driven 174,300 miles. Salvage value is expected to
be $7,100.
Prepare a depreciation schedule assuming actual mileage was:
2020, 46,300; 2021, 45,000; 2022, 48,000; and 2023, 35,000.
(Round cost per unit to 2 decimal places, e.g. 15.25
and all other answers to 0 decimal places,...
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 $126,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $8,400. Compute the depreciation cost per unit. (Round answer to 3 decimal places, es, 6.251) Depreciation cost per units eTextbook and Media Prepare a depreciation schedule assuming actual mileage was: 2017, 50,400: 2018, 65,520:2019,51,660; and 2020,...
Yello Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2017,
at a cost of $215,150. Over its 4-year useful life, the bus is
expected to be driven 142,500 miles. Salvage value is expected to
be $7,100.
Compute the depreciable cost per unit. (Round
answer to 2 decimal places, e.g. 0.50.)
Depreciation cost per unit
$
per mile
LINK TO TEXT
Prepare a depreciation schedule assuming actual mileage was:
2017, 38,500; 2018,...
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depreciating its buses. One bus was purchased on January 1, 2020,
at a cost of $263,321. Over its 6-year useful life, the bus is
expected to be driven 174,300 miles. Salvage value is expected to
be $7,100.
Compute the depreciable cost per unit. (Round answer
to 2 decimal places, e.g. 0.50.)
Depreciation cost per unit
$
per mile
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Exercise 9-5 (Part Level Submission)
Yello Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2015,
at a cost of $305,082. Over its 4-year useful life, the bus is
expected to be driven 206,300 miles. Salvage value is expected to
be $8,010.
Prepare a depreciation schedule assuming actual mileage was:
2015, 52,400; 2016, 58,500; 2017, 51,100; and 2018, 44,300.
(Round cost per unit to 2 decimal places, e.g. 15.25
and all other...
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