Question: Unman ament CALCULATOR FUL SCREEN PRINTER VERSION BACK Problem 9-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the

Unman ament CALCULATOR FUL SCREEN PRINTER VERSION BACK Problem 9-2A 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 shown as follows. Bus Useful Life in Years 5 Acquired 1/1/17 1/1/17 1/1/18 Cost $ 96,000 110,000 92,000 Salvage Value $ 6,000 10,000 8,000 Depreciation Method Straight-line Declining-balance 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 120,000. Actual miles of use in the first 3 years were 2018, 24,000; 2019, 34,000; and 2020, 30,000. Compute the amount of accumulated depreciation on each bus at December 31, 2019. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to o decimal places, e.g. 1596. Round final answers to o decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 BUS 2 BUS 3 If Bus 2 was purchased on April 1 Instead of January 1, what is the depreciation expense for this bus in (1) 2017 and (2) 2018? (Round answers to decimal places, e.g. 2,125.) 2011 (2) Depreciation expenses Question Attempts: 0 of 2 used
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
