In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department,
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In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows.
For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 124,600. Actual miles of use in the first 3 years were:
2013?????.24,100
2014?????.33,500
2015?????.29,700
Calculate depreciation expense per mile under units-of-activity method.
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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