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5: (4 Points) Company C purchased school bus for $180,000. The bus has a useful life of years, or 800,000 miles. The bus is estimated

5: (4 Points) Company C purchased school bus for $180,000. The bus has a useful life of years, or 800,000 miles. The bus is estimated to have 50 residual value The first year, the bus is driven for 400,000 miles and the second year, the bus is driven for 450,000 miles. Using the units of production (output) method, calculate the depreciation expense rate AND calculate the depreciation expense the company should recognize in Year 1 and Year 2 Rate: Year 1: Year 2: 6: (4 Points) What would be the accumulated depreciation at the end of year 3

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