In recent years, Sarasota 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 Value Useful Life in Years Bus Cost 1 Acquired 1/1/18 1/1/18 1/1/19 $ 99,300 126,000 Depreciation Method Straight-line Declining-balance Units-of-activity $ 7,500 11,500 8,500 2 3 91,100 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 118,000. Actual miles of use in the first 3 years were 2019, 27,000; 2020, 34,500; and 2021, 32,500. 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.) Accumulated depreciation 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.) (1) 2018 (2) 2019 Depreciation expense $ $ Flint Company and Pina Colada Corporation, two corporations of roughly the same size, are both involved in the manufacture of in-line skates. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the following information. Flint Co. Net income Sales revenue $ 780,000 1,342,500 2,480,000 1,810,000 Pina Colada Corp. $1,040,000 1,271,500 1,980,000 1,050,000 Average total assets Average plant assets (a) For each company, calculate the asset turnover. (Round answers to 2 decimal places, e.g. 0.60.) Flint Co. Pina Colada Corp. Asset turnover times times