Fixed Assets and Depreciation

In recent years, Kevin 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.

bus	acquired	cost	salvage value	useful life in years	depreciation method
1	1/1/18	$96,000	96,000	5	straight line
2	1/1/18	$110,000	10,000	4	declining
3	1/1/19	$92,000	8,000	5	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.