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Current Attempt in Progress

Blossom Arrow Ltd$.$ purchased a new bus on October $1,2024,$ at a total cost of $$162,500.$ Management is considering the merits of using the diminishing$-$balance or units$-$of$-$production methods of depreciation instead of the straight$-$line method, which it currently uses for its other buses. The new bus has an estimated residual value of $$15,000,$ and an estimated useful life of either four years or $295,000km.$ Use of the bus will be sporadic so it could be much higher in some years than in others. Assume the new bus is driven as follows: $6,500km$ in $2024$; $99,000km$ in $2025$; $61,500$ km in $2026$;$94,000$ km in $2027$; and $34,000$ km in $2028.$ Blossom Arrow has an October $31$ year end.

$($a$)$

Prepare separate depreciation schedules for the life of the bus using: $($Round depreciation per unit to $2$ decimal places, e$.$g$.5\mathrm{.}28$ and final answers to $0$ decimal places, e$.$g$.5,275.)$

$(1)$ Straight$-$line method: