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Prepare a depreciation schedule assuming actual mileage was

Problem

Jayhawk Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2014, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000.

Prepare a depreciation schedule assuming actual mileage was: 2014, 40,000; 2015, 52,000; 2016, 41,000; and 2017, 27,000.

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Accounting Basics: Prepare a depreciation schedule assuming actual mileage was

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Accounting Basics: Prepare a depreciation schedule assuming actual mileage was

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