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In recent years, Bridgeport Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for

In recent years, Bridgeport 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 below. Residual Bus Acquired Cost Value Useful Life in Years Depreciation Method 1 1/1/18 98,200 8,000 4 Straight-line 2 1/1/18 124,000 11,500 Declining-balance 3 1/1/19 91,500 7,500 5 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 120,000. Actual miles of use in the first 3 years were: 2019, 26,000; 2020, 31,500; and 2021, 29,500. Your answer is incorrect. Calculate depreciable cost per mile for Bus 3. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 0.5 per mile Compute the amount of accumulated depreciation on each bus at December 31, 2020. Accumulated Depreciation at December 31, 2020 BUS 1 BUS 2 68400 112000 BUS 3 28050 * Your answer is incorrect. If Bus no. 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2018 and 2019? (Round answers to O decimal places, e.g. 2,125.) Depreciation expense 2018 48000 2019 40000

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