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In recent years, Marigold Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for
In recent years, Marigold 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 Salvage Useful Life Bus Acquired Method $ 99,200 1000 11,500 92.500 1/1,00.000Years 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, 34,500; and 2021, 30,000 For Bus #3, calculate depreciation expense per mile under units-of activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense per mile Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to O decimal places, e.g. 2,125.) BUS 1 BUS 2 BUS 3 If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to 0 decimal places, e.g. 2,125.) 2018 2019 Click if you would like to Show Work for this question: QpenShew Work
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