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Business, 05.11.2020 18:50 JanaMiqdad1003

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. Required:
a. Compute the depreciable cost per unit.
b. Prepare a depreciation schedule.

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