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.
Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)
Depreciation cost per unit | $ per mile |
Depreciable cost per unit
= (Cost - Salvage value)/Life in units
= (263,321 - 7,100)/174,300
= 1.47 per mile
Comment if you face any issues
Swifty Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on...
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