Question: Problem 9-02A al-a2, b (Video) (Part Level Submission) In recent years, Bramble Transportation purchased three used buses. Because of frequent turnover in the accounting department,

 Problem 9-02A al-a2, b (Video) (Part Level Submission) In recent years,

Problem 9-02A al-a2, b (Video) (Part Level Submission) In recent years, Bramble 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. Salvage Value Useful Life in Years Depreciation Method Bus Cost 1 5 Acquired 1/1/18 1/1/18 1/1/19 2 $ 97,600 114,000 76,200 $ 8,000 11,000 9,000 5 Straight-line Declining-balance Units-of-activity 3 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 112,000. Actual miles of use in the first 3 years were 2019, 27,500; 2020, 33,000; and 2021, 30,500. (a1) 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 per mile $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 0 of 3 used

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!

Q:

\f