In recent years, Flounder 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 | | 1/1/18 | | $ 97,600 | | $ 6,000 | | 4 | | Straight-line | 2 | | 1/1/18 | | 129,000 | | 12,000 | | 5 | | Declining-balance | 3 | | 1/1/19 | | 89,200 | | 8,000 | | 4 | | 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 116,000. Actual miles of use in the first 3 years were 2019, 24,000; 2020, 35,500; and 2021, 30,000. | | | |