In recent years, Splish Brothers 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.

Bus		Acquired		Cost		Salvage Value		Useful Life in Years		Depreciation Method
1		1/1/18		$ 99,000		$ 5,500		4		Straight-line
2		1/1/18		124,000		11,000		5		Declining-balance
3		1/1/19		78,300		7,500		5		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 118,000. Actual miles of use in the first 3 years were 2019, 24,500; 2020, 31,000; and 2021, 32,500.

(a1)

Correct answer iconYour answer is correct.

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

$

0.60

(a2)

Partially correct answer iconYour answer is partially correct.

Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.)

		Accumulated depreciation
BUS 1		$70125
BUS 2		$
BUS 3		$