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In recent years, Splish Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for
In recent years, Splish 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.
For the decliningbalance method, the company uses the doubledeclining rate. For the unitsofactivity
method, total miles are expected to be Actual miles of use in the first years were: ;
; and
Calculate depreciable cost per mile for Bus Round answer to decimal places, eg
Depreciable cost
per mile
Compute the amount of accumulated depreciation on each bus at December
BUS
If Bus no was purchased on April instead of January what is the depreciation expense for this bus
in and Round answers to decimal places, eg
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