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1. Compute the amount of accumulated depreciation on each bus at December 31, 2011 for bus 1, 2, and 3 2. If bus no. 2
1. Compute the amount of accumulated depreciation on each bus at December 31, 2011 for bus 1, 2, and 3
2. If bus no. 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2009 and (2) 2010?
In recent years, Juresic 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. For the declining-balance method, the company uses the double-declining rate. For the units-of activity method, total miles are expected to be 121,800. Actual miles of use in the first 3 years were: 2010, 25,700; 2011, 34,400; and 2012, 33,100
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