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 below. Residual Bus Acquired Cost Value Useful Life in Years Depreciation Method 1 1/1/18 95,000 5,000 4 Straight-line 2 1/1/18 110,000 10,000 4 Declining-balance 3 1/1/19 88,000 7,500 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 115,000. Actual miles of use in the first 3 years were: 2019. 23,000; 2020, 31,000; and 2021, 29,000. 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 below. Residual Bus Acquired Cost Value Useful Life in Years Depreciation Method 1 1/1/18 95,000 5,000 4 Straight-line 2 1/1/18 110,000 10,000 4 Declining-balance 3 1/1/19 88,000 7,500 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 115,000. Actual miles of use in the first 3 years were: 2019. 23,000; 2020, 31,000; and 2021, 29,000. Your answer is partially correct. Calculate depreciable cost per mile for Bus 3. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 0.7 per mile Compute the amount of accumulated depreciation on each bus at December 31, 2020. Accumulated Depreciation at December 31, 2020 BUS 1 67500 BUS 2 87500 BUS 3 37800 BUS 1 at December 31, 2020 67500 3 BUS 2 87500 BUS 3 37800 X Your answer is incorrect. If Bus no. 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2018 and 2019? (Round answers to O decimal places, e.g. 2,125.) 2018 Depreciation expense 2019 37500 23437.5