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all of 10.2 please P10.2A (LO 2) In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a

all of 10.2 please
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P10.2A (LO 2) 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. Compute depreciation under different methods. Useful Life in Years Bus 1 2 3 Acquired 1/1/18 1/1/18 1/1/19 Cost $ 96,000 110,000 92,000 Salvage Value $6,000 10,000 8,000 Depreciation Method 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 120,000. Actual miles of use in the first 3 years were 2019, 24,000; 2020, 34,000; and 2021, 30,000. Instructions a. Compute the amount of accumulated depreciation on each bus at December 31, 2020. Compute depreciation under different methods. Salvage Useful Life Bus Acquired Cost Value in Years Depreciation Method 1/1/18 $ 96,000 $6,000 Straight-line 2 1/1/18 110,000 10,000 Declining-balance 3 1/1/19 9 2,000 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 2019, 24,000; 2020, 34,000; and 2021, 30,000. Instructions a. Compute the amount of accumulated depreciation on each bus at December 31, 2020. Bus 2, 12/31/19, $82,500 b. 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

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