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In recent years, Culver Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant was in charge of selecting

In recent years, Culver Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each bus, and various methods have been used. Information concerning the buses is summarized in the table below. Bus 1 2 3 Acquired Jan. 1, 2020 (a1) Jan. 1, 2020 Jan. 1, 2021 Cost $98,900 120,000 90,800 Salvage Value $5,000 11,500 Depreciation expense $ 7,500 Useful Life in Years 5 5 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 119,000. Actual miles of use in the first 3 years were 2021, 26,500; 2022, 32,000; and 2023, 29,000. Depreciation Method Straight-line Declining-balance Units-of-activity For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg. 0.50.) per mile
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In recent years, Culver Trarsportation purchased three used buses. Because of frequent turnover in the acrounting departmert, a different accountant was in char ge of selecting the depreciation method for each buss and various inethods hare been used. Information concerning the buses is summarized in the table below. For the declining balance method, the company uses the double declining rate. For the units-of-activity method, total miles are expected to be 119,000 Actual miles of use in the first 3 years were 2021,26500;2022,32,000,20d2023,29,000. (a1) For Bus 33, calculate depreciation expense per mile under units of-activity method. (Round answer to 2 decimal ploces, es. 0.50 ) Depreciation expense permile Compute the amount of accumulated depreciation on each bus at December 31,2022. If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2020 and (2) 2021? (Round answers to 0 decimal places, es. 5.275.)

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