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In recent years, Riverbed Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant was in charge of selecting
In recent years, Riverbed 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 (a1) Jan. 1, 2020 Jan. 1, 2020 Jan. 1, 2021 Cost $ 96,200 121,000 Depreciation expense 95,100 Your answer is correct. Salvage Value $5,000 10,000 9,000 Useful Life in Years 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 123,000. Actual miles of use in the first 3 years were 2021, 28,000; 2022, 32,000; and 2023, 30,500. 4 .7 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, e.g. 0.50.) per mile please help with A2 & B In recent years, Riverbed 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. For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 123,000 . Actual miles of use in the first 3 years were 2021, 28,000;2022,32,000; and 2023,30,500. (a1) Your answer is correct. For Bus \#3, calculate depreciation expense per mile under units-of-activity method, (Round answer to 2 decimal places, e.s. 0.50.) Depreciation expense per mile 2. Your answer is incorrect. 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 ploces, eg. 5,275.)
In recent years, Riverbed 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 (a1) Jan. 1, 2020 Jan. 1, 2020 Jan. 1, 2021 Cost $ 96,200 121,000 Depreciation expense 95,100 Your answer is correct. Salvage Value $5,000 10,000 9,000 Useful Life in Years 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 123,000. Actual miles of use in the first 3 years were 2021, 28,000; 2022, 32,000; and 2023, 30,500. 4 .7 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, e.g. 0.50.) per mile
please help with A2 & B
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