Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wildhorse bus lines uses the units-of-activity met

Wildhorse Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased...

50.1K

Verified Solution

Question

Accounting

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

write a matlab code of current distribution in wire antenna using method of moments (pocklington)

Mechanical Engineering
1.2K views

Precision Machining Technology (2nd Edition) Chapter 8SU6, Problem 10RQ Briefly explain the difference between rigid and nonrigid tapping. Thanks!

General Management
1.2K views

1. a)what type of retailer is uniqlo? support your answer by describing the service level provide...

Advance Math
1.2K views

Let p be an odd prime. (a) (*) Prove that there is a primitive root modulo p2...

Accounting
1.2K views

Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of...

Physics
1.2K views

If one of the slits of a standard YDSE apparatus is covered by a thin...

Basic Math
1.2K views

1 Calculate the iterated integral 7 points 22 1 1 x y xy dx dy

Accounting
1.2K views

Cobe Company has already manufactured 20,000 units of Product A at a cost...

Accounting
1.2K views

Which of the following methods allocates joint costs based on physical units that are weighted...

Accounting
1.2K views

Raner, Harris & Chan is a consulting firm that specializes in information systems for medical...

Accounting
1.2K views

0:10 Using the information given below, prepare the general journal entry to record the March...

Accounting
1.2K views

please answer my question with explanation. Thanks! 8 Suppose the Fed sells $5...