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In recent years, Whispering Winds Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method
In recent years, Whispering Winds 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 Bus acquired 9500 1 Acquired 1/1/18 1/1/18 1/1/19 Cost $ 95,000 110,000 88,000 Salvage Value $ 5,000 10,000 7,500 Depreciation Method Straight-line Declining-balance Units-of-activity 2 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. x Your answer is incorrect. Try again. 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 LINK TO TEXT x Your answer is incorrect. Try again. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to 0 decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 BUS 2 BUS 3 x Your answer is incorrect. Try again. 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) (2) 2018 2019 Depreciation expense Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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