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I need help with the blanks in part B. Thank you Problem 9-2A (Part Level Submission) In recent years, Avery Transportation purchased three used buses.
I need help with the blanks in part B. Thank you
Problem 9-2A (Part Level Submission) 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. Salvage Useful Life Depreciation Method Bus Acquired Cost Value in Years 1/1/15 96,000 $6,000 10,000 Straight-line Declining-balance 1 1/1/15 110,000 2 1/1/16 2.000 8,000 -activity Units- 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 2016, 24,000; 2017, 34,000; and 2018, 30,000. the first 3 years were (a1) Your answer correct For Bus #3, calculate depreciation expense per mile under units-e -activity method. (Round answer to 2 decimal places, e.g. 0.50.) 70 per mile Depreciation expense SHOW SOLUTION SHOW ANSWER LINK TEXT Attempts: 1 of 3 used (a2) Your answer is partially correct. Try again. of accumulated de December 31, decimal places, e.a. 15% , Round final answers to 0 decimal places, e.a. 2.12 2017. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to Accumulated depreciation BUS 1 54,000 BUS 2 63,594 BUS 3 40,600 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 3 of 3 used (b) If Bus 2 was purchased on April 1 instead f January 1, what: the depreciation expense for this bus in (1) 2015 and (2) 2016? (Round answers to 0 decimal places, e.g. 2,125.) (2) (1) 2015 2016 Depreciation expense LINK TO TEXT Attempts: 0 of 3 usedStep by Step Solution
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