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I need help with part B. I already asked this question on here and they answered it incorrectly. Thank you Problem 9-2A (Part Level Submission)
I need help with part B. I already asked this question on here and they answered it incorrectly. Thank you
Problem 9-2A (Part Level Submission) in the accounting department, 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 Salvage Value Depreciation Method Acquired Bus Cost $6,000 10,000 96,000 1 1/1/15 5 Straight-line 1/1/15 110,000 Declining-balance Units-of-activity 1/1/16 92,000 8,000 the first 3 years were be 120,000. Actual miles of use For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected 2016, 24,000; 2017, 34,000; and 2018, 30,000. (a1) Your answer is correct For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer o 2 decimal places, e.g. 0.50.) Depreciation expense 70 per mile SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: of 3 used (a2) Your answer partially correct. Try again. decimal Compute the amount of accumulated depreciation on each bus at December 31, 2017. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to places, e.q. 15%. Round final answers to decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 54,000 BUS 2 63,594 BUS 3 40,600 SHOW SOLUTION SHOW ANSWER TEXT LINK of 3 used Attempts: (b) x Your answer incorrect. Try again. If Bus 2 was purchased on April 1 instead January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? (Round answers to 0 decimal places, e.g. 2,125.) (1) 2015 (2) 2016 x Depreciation expense 55,000 27,500 LINK TEXTStep by Step Solution
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