Homework Answers
Depreciation per unit
= ( Purchase cost – Salvage Value ) / Useful life in Units
= ( $119,000 - $7,700) / 210,000
= $ 0.53 per unit
The following table shows the calculations :
| Calculations | A | B | C = A x B | D = Cumulative C | E = Purchase cost ( $119,000) - D |
| Years | Units of Activity | Depreciation per unit | Annual Depreciation Expense | Accumulated Depreciation | Book Value |
| 2022 | 47600 | 0.53 | 25228 | 25228 | 93772 |
| 2023 | 61000 | 0.53 | 32330 | 57558 | 61442 |
| 2024 | 49000 | 0.53 | 25970 | 83528 | 35472 |
| 2025 | 52400 | 0.53 | 27772 | 111300 | 7700 |
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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
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Prepare a depreciation schedule assuming actual mileage was:
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(Round cost per unit to 2 decimal places, e.g. 15.25
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