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

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In recent years, Pina Colada 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 Useful Life in Years Depreciation Method Bus Cost 1 4 Acquired 1/1/17 1/1/17 1/1/18 2 $ 100,000 113,000 81,600 $ 5,500 10,000 9,000 5 Straight-line Declining-balance Units-of-activity 3 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 110,000. Actual miles of use in the first 3 years were 2018, 27,000; 2019, 35,000; and 2020, 30,000. Your answer is correct. For Bus #3, calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 0.66 per mile $ Compute the amount of accumulated depreciation on each bus at December 31, 2019. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, e.g. 15%. Round final answers to O decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 70875 X BUS 2 123750 BUS 3

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