unit 3 Lab Assignment Question 9 of 12 < > View Policies Show Attempt History Current Attempt in Progress 015 1 In recent years, Whispering Winds Transportation purchased three used buses. Because of frequent turnover in the accounting dpartment, a different accountant was in charge of selecting the depreciation method for each bus, and various methods have been used. Information concerning the buses is summarized in the table below Depreciation Method Bus 1 Acquired Jan. 1,2020 Cost Salvage Value Useful Life in Years $96.500 $5,500 4 Straight-line 2 Jan. 1, 2020 112,000 10.500 5 Declining-balance 3 Jan 1, 2021 92,900 7,500 4 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 122,000. Actual miles of use in the first 3 years were 2021,24,000, 2022, 35.500, and 2023, 31.000.