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

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In recent years, Sheffield 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. Useful Life in Years Bus 1 Acquired 1/1/18 1/1/18 Salvage Value $ 8,000 11.500 7,500 Cost $ 98,200 124,000 91,500 4 Depreciation Method Straight-line Declining-balance Units-of-activity 2 4 3 1/1/19 5 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, 31,500; and 2021,29,500. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to 0 decimal places, eg. 2.125.) Accumulated depreciation $ BUS 1 BUS 2 $ BUS 3 $ 40250

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