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Current Attempt in Progress In recent years, Marigold Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected

Current Attempt in Progress In recent years, Marigold 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. Bus Acquired Cost Salvage Value Useful Life in Years Depreciation Method 1 1/1/18 $ 99,400 $7,000 4 Straight-line 2 1/1/18 124,000 10,500 4 Declining-balance 3 1/1/19 89,140 8.500 4 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 126,000. Actual miles of use in the first 3 years were 2019. 23,500; 2020, 36,000; and 2021, 32.500. (a1) (b) * Your answer is incorrect. 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? (Round answers to O decimal places, e.g. 2,125.) Depreciation expense $ (1) 2018 42562.5 $ (2) 2019 29375

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