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compute the amount of accumulated depreciation on each bus at Dec. 31, 2019. Problem 9-2A (Part Level Submission) In recent years, Wildhorse Transportation purchased three
compute the amount of accumulated depreciation on each bus at Dec. 31, 2019.
Problem 9-2A (Part Level Submission) In recent years, Wildhorse 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 shown as follows. Salvage Useful Life Depreciation Bus Acquired Cost Value in Years Method 1/1/17 $ 96,200 $5,000 5 Straight-line 2 1/1/17 115,000 10,500 5 Declining-balance 1/1/18 90,420 8,500 5 Units-of-activity 1 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 128,000. Actual miles of use in the first 3 years were 2018, 24,500; 2019, 34,000, and 2020, 29,500. (al) Your answer is correct. For Bus #3, calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 0.64 per mile Click If you would like to show Work for this questioni Open Show Work (a2) Compute the amount of accumulated depreciation on each bus at December 31, 2019. places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 BUS 2 tA BUS 3 $ Step by Step Solution
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