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A1. A2. B. Problem 9-2A (Part Level Submission) In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department,
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Problem 9-2A (Part Level Submission) In recent years, Avery 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 Useful Life in Years 4 Salvage Depreciation Method Value 5,500 11,000 Bus Acquired Cost 99,000 124,000 78,300 Straight-line Declining-balance Units-of-activity 2 7,500 5 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 118,000. Actual miles of use in the first 3 years were 2016, 24,500; 2017, 31,000; and 2018, 32,500Step by Step Solution
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