Compute depreciation under different methods LO 2) 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 shown as follows. Bus Acquired Cost $ 96,000 110,000 92,000 Salvage Value $ 6,000 10,000 8,000 Useful Life in Years Depreciation Method Straight-line Declining-balance Units-of-activity 2 4 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 120,000. Actual miles of use in the first 3 years were 2018, 24,000; 2019, 34,000; and 2020, 30,000 Instructions (a) Compute the amount of accumulated depreciation on each bus at December 31,2019 Bus 2, 2018, $82,500 If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2017 and (2) 2018? (b)