Question: Problem 9-2A (Part Level Submission) In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant


Problem 9-2A (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 in Years 4 4 4 Depreciation Value Bus Acquired Cost Method s 6,500 11,500 8,000 $95,600 Straight-line Declining-balance Units-of-activity 120,000 83,640 3 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 122,000. Actual miles of use in the first 3 years were 2016, 24,000; 2017, 32,000; and 2018, 30,000 (a1) Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg, 0.50.) Depreciation expense 62 per mile (a2) 1/ Your answer is partially correct. Try again Compute the amount of accumulated depreciation on each bus at December 31, 2017. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to O decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 66825 BUS 2 81375 BUS 3 56730
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