Question
in recent years ayayai transpo purchased three used buses. bus 1 Jan 1 2020 cost 95000 salvage value 6000 useful life 5 years straight line
in recent years ayayai transpo purchased three used buses. bus 1 Jan 1 2020 cost 95000 salvage value 6000 useful life 5 years straight line depreciation..... bus 2 Jan 1 2020 cost 125000 salvage value 10500 useful life 4yrs declining bal method...... bus 3 Jan 1 2021 cost 90600, 8000 salvage value useful life 4 units of activity method. for the declining bal method the company used the double declining rate. for the units of activity method total miles expected to be 118,000. actual miles of use in the first 3 years were 2021; 27500,2022;36000,2023;23000.
commute the amount of accumulated depreciation on each bus at Dec 31 2022 bus 1 accumulated depreciation bus 2 accumulated depreciation bus 3 accumulated depreciation.
if bus 2 was purchased in april 1 instead of Jan 1 what is the depreciation expense for this bus in (1) 2020 and (2) 2021..........depreciation expense (1! 2020 depreciation expense (2) 2021
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