What a depreciation schedule assuming actual mileage was

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Sheffield Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $245,100. Over its 6-year useful life, the bus is expected to be driven 148,500 miles. Salvage value is expected to be $7,500.

Depreciation cost per unit $1.60 per mile

Problem 1: A depreciation schedule assuming actual mileage was: 2020, 35,500; 2021, 58,000; 2022, 33,000; and 2023, 22,000. (Round cost per unit to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)

Reference no: EM132697632

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