In 2018, Close Co purchased a bus for 517461. The company expects the bus to last for 14 years and should travel about 340122 kilometres (kms). It is expected that the bus will be sold at an auction for $30,000 in the end During 2018 the bus was used for 30 000 kms Calculate the depreciation expense for the machine 2018 using the straight line method Answer: In 2018, Close Co purchased a bus for 517461. The company expects the bus to last for 14 years and should travel about 340122 kilometres (kms). It is expected that the bus will be sold at an auction for $30,000 in the end During 2018 the bus was used for 30 000kms. Calculate the depreciation expense for the machine 2018 using the unit of production method Answer: In 2018, Close Co purchased a bus for 517461. The company expects the bus to last for 14 years and should trave about 340122 kilometres (kms). It is expected that the bus will be sold at an auction for $30,000 in the end. During 2018 the bus was used for 90.000 kms Calculate the depreciation expense for the machine 2018 using double declining balance method