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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
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 | $95,700 | $7,100 | 4 | Straight-line | |||||
2 | 1/1/13 | 117,000 | 11,100 | 4 | Declining-balance | |||||
3 | 1/1/14 | 69,250 | 8,200 | 4 | Units-of-activity |
Compute the amount of accumulated depreciation on each bus at December 31, 2015. (Round answers to 0 decimal places, e.g. 2,125.)
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