Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

19-2A Inters, Away Trangiation purchased the ed escuro que tamom the coming department, distant selected the end 2 Salvage et le Bus Aequired Cost Value

image text in transcribed
image text in transcribed
19-2A Inters, Away Trangiation purchased the ed escuro que tamom the coming department, distant selected the end 2 Salvage et le Bus Aequired Cost Value in Year Depreciation Mathed 1 56.000 $6.00 Site 110.000.000 Dec 1 92.000 Uut-of For the declining balance method, the compete the death activity method to especials 10.000 de first years were 2016, 34.0002017. 5.000,00 Trum Cowgate the federacion December 11.2007 05 Mula purchand om of my two is the for this busin 2015 and 229169 P9-2A In recent years, Avery Transportation purchased three used buses. Because of fre- quent turnover in the accounting department, a different accountant selected the depreci. ation method for each bus, and various methods were selected.! Salvage Useful Life Bus Acquired Cost Value in Years Depreciation Method 1 1/1/15 $ 96,000 $ 6,000 5 Straight-line 2 1/1/15 110,000 10,000 4 Declining-balance 3 1/1/16 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 2016, 24,000; 2017, 34,000; and 2018, 30,000. Instructions (a) Compute the amount of accumulated depreciation on each bus at December 31, 2017 (b) If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? o

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan K. Wolcott

2nd Edition

978-0-470-7694, 0470769424, 978-0470769423

Students also viewed these Accounting questions