Compute depreciation under different methods. (LO ) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1 1/1/15 1/1/15 1/1/16 TOTE Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 5 10,000 8,000 5 Depreciation Method Straight-line Declining balance Units-of-activity 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 2016, 24,000; 2017, 34,000; and 2018, 30,000. Instructions (a) Compute the amount of accumulated depreciation on each bus at December 31, 2017. (b) If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? (a) Bus 2, 2016, 582,500