10-02A a1-b In recent years, Flounder 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 as follows. Salvage Value Useful Life Bus Acquired 1 1/1/18 Cost $ 97,600 in Years Depreciation Method $ 6,000 4 2 1/1/18 3 1/1/19 129,000 89,200 12,000 8,000 5 4 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 116,000. Actual miles of use in the first 3 years were 2019, 24,000; 2020, 35,500; and 2021, 30,000. Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense .7 per mile SHOW SOLUTION SHOW ANSWER LINK TO TEXT xYour answer is incorrect. Try again. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to 0 decimal places, e.g. 2,125.) BUS 1 Accumulated depreciation BUS 2 BUS 3 LINK TO TEXT Your answer is incorrect. Try again. If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to 0 decimal places, e.g. 2,125.) (1) 2018 (2) 2019 Depreciation expense Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 5 used