Depreciation - Wheeler Bus Lines
Wheeler Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2006, 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. Instructions (a) Compute the depreciation cost per unit. (b) Pre