Question: Please fill out the incorrect. Also: If bus 2 was purchased April 1 instead of January 1, what is the deprecation expense for this bus
PRINCIPLES OF ACCOUNTING I & II (ACC 201-20: STANDARD VIEW PRINTER VERSIONBACK Weygandt, Accounting Principles, 12e NEXT Problem 10-2A (Part Level Submission) 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. Salvage Useful Life Depreciation Bus Acquired Cost Value in Years Method Straight-line Declining-balance Units-of-activity 1/1/15 96,000 6,500 2 1/1/15 128,000 11,000 9,000 95,100 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 123,000. Actual miles of use in the first 3 years were 2016, 25,000; 2017, 31,000; and 2018, 32,500. (al) Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense 70 per mile SHOW SOLUTION LINK TO TEXI Attempts: 1 of 3 used (a2) 3Your answer is incorrect. Try again. Compute the amount of accumulated depreciation on each bus at December 31, 2017. (Round answers to o decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 BUS 2 BUS 3 LINK TO TEXT
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