1 2 2 (36% @4) In recent years, Freeman 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 below. Bus Acquired Cost Residual Value Useful Life in Years Depreciation Method 1/1/18 140,000 10,000 Declining-balance 1/1/19 92,000 8,000 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 2019, 24,000; 2020, 36,000; and 2021, 31,000. A. Compute the amount of accumulated depreciation on each bus at December 31 each year. B. If Bus I was purchased on April 1 instead of January 1, what is the depreciation expense and accumulated depreciation for this bus in 2018 and 2019? A Bus 2018 2019 2020 1 2 NA B 2018 depreciation expense accumulated depreciation 140.00x50% % %252500 140.000 X50%+ 140.00 x 50 % x 70% +140.000 50%x%*50% : 0:12250g 143,000 250%>% +140.000, 50%x3d% x%2= 43750 2019