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. Bus | | Acquired | | Cost | | Salvage Value | | Useful Life in Years | | Depreciation Method | 1 | | 1/1/13 | | $97,200 | | $5,700 | | 5 | | Straight-line | 2 | | 1/1/13 | | 122,000 | | 10,000 | | 5 | | Declining-balance | 3 | | 1/1/14 | | 78,200 | | 8,000 | | 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 117,000. Actual miles of use in the first 3 years were: 2014, 27,600; 2015, 32,400; and 2016, 30,400. | | | |