Question: Give me these answer in table Crane Arrow Ltd . purchased a new bus on October 1 , 2 0 2 4 , at a

Give me these answer in table
Crane Arrow Ltd. purchased a new bus on October 1,2024, at a total cost of $209,418. Management is considering the merits of using the diminishing-balance or units-of-production methods of depreciation instead of the straight-line method, which it currently uses for its other buses. The new bus has an estimated residual value of $21,000, and an estimated useful life of either four years or 303,900km. Use of the bus will be sporadic so it could be much higher in some years than in others. Assume the new bus is driven as follows: 7,800km in 2024; 101,300 km in 2025; 62,900km in 2026; 97,000km in 2027; and 34,900km in 2028. Crane Arrow has an October 31 year end.
(a)
Your answer is partially correct.
Prepare separate depreciation schedules for the life of the bus using: (Rourd depreciation per unit to 2 decimal places, e.g.5.28 and final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line method:
Give me these answer in table Crane Arrow Ltd .

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!