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. Collapse question part
(a) Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)
Depreciation cost per unit = (Cost - Salvage value) /total miles to be driven = (305,082 - 8,010)/206,300 = 297,072/206,300 = 1.44 |
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Exercise 9-5 (Part Level Submission) Yello Bus Lines uses the units-of-activity method in depreciating its buses....
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...
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
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Prepare a depreciation schedule assuming actual mileage was:
2017, 38,500; 2018,...
Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit per mile Your answer is partially correct. Try again. Prepare...
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
Wildhorse Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $129,000. Over its 4-year useful life, the bus is expected to be driven 216,250 miles. Salvage value is expected to be $7,900. 1. Compute the depreciation cost per unit. 2. Prepare a depreciation schedule assuming actual mileage was: 2022, 51,600; 2023, 67,000; 2024, 52,800; and 2025, 44,850.
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,...
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