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Only need A2 answer a In recent years, Swifty Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant
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a In recent years, Swifty Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each bus, and various methods have been used, Information concerning the buses is summarized in the table below. Salvage Value Useful Life in Years Bus Acquired Cost 1 Jan. 1.2020 $ 96,600 $5,500 5 Depreciation Method Straight-line Declining-balance Units-of-activity 2 Jan. 1.2020 130,000 10,000 5 3 Jan 1, 2021 89,900 8,000 4 For the declining balance method, the company uses the double declining rate. For the units-of-activity method, total miles are expected to be 117.000. Actual miles of use in the first 3 years were 2021, 25,500:2022, 35,500; and 2023,29,000. (a 1) Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method (Round answer to 2 decimal places, eg. 0.50) $ 0.7 Depreciation expense per mile (a2) Your answer is incorrect Compute the amount of accumulated depreciation on each bus at December 31, 2022. Accumulated depreciation BUS 1 $ BUS 2 $ BUS 3 $ Step by Step Solution
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