Brief Exercise 10-8On January 1, 2017, the Morgantown Company ledger shows Equipment $68,000 and Accumulated Depreciation?Equipment $9,700. The depreciation resulted from using the straight-line method with a useful life of 12 years and salvage value of $2,100. On this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value.Compute the revised annual depreciation.Revised annual depreciation$ _______Exercise 10-5 (Part Level Submission)Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $195,380. Over its 5-year useful life, the bus is expected to be driven 133,700 miles. Salvage value is expected to be $8,200.(a)Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)Depreciation cost per unit$ -______ per mileExercise 10-7 (Part Level Submission)Linton Company purchased a delivery truck for $27,000 on January 1, 2017. The truck has an expected salvage value of $1,300, and is expected to be driven 100,000 miles over its estimated useful life of 9 years. Actual miles driven were 13,400 in 2017 and 13,900 in 2018.(a1)Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)Depreciation expense$ ________ per mile
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