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In recent years, Bramble Transportstion purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for
In recent years, Bramble Transportstion 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 shown as follows [refer to photo attached].
For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 112,000. Actual miles of use in the first 3 years were 2019, 27,500; 2020, 33,000; and 2022, 30,500.
Compute the amount of accumulated depreciation on each bus at December 31, 2020.
*Transportation, typographical error
Problem 9-02A al-a2, b (Video) (Part Level Submission) In recent years, Bramble 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 shown as follows. Salvage Value Depreciation Method Useful Life in Years Acquired Cost Bus Straight-line 1/1/18 $8,000 1 $97,600 2 1/1/18 114,000 11,000 Declining-balance 1/1/19 76,200 Units-of-activity 3 9,000 4 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 112,000. Actual miles of use in the first 3 years were 2019, 27,500; 2020, 33,000; and 2021, 30,500 (a1) (a2) Your answer is incorrect. Try again. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15 %. Round final answers to 0 decimal places, e.g. 2,125.) Accumulated depreciation 17,920 BUS 1 41,200 BUS 2 BUS 3 16,500 Step by Step Solution
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