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P10-2 Item P10-2A In recent years, Avery Transportation purchased three used buses. frequent turnover in the accounting department, a different accountant selected the ciation method
P10-2
Item P10-2A In recent years, Avery Transportation purchased three used buses. frequent turnover in the accounting department, a different accountant selected the ciation method for each bus, and various methods were selected. In the buses is summarized as follows. Because of depre- formation concerning er Salvage Useful Life Value in Years Depreciation Method Bus Acquired Cost 1/1/15 s96,000 6,000 2 1/1/15 110,000 10,000 92,000 8,000 Straight-line Declining-balance Units-of-activity 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 120,000. Actual miles of use in the first 3 years were 2016, 24,000; 2017, 34,000; and 2018, 30,000. Instructions (a) Compute the amount of accumulated depreciation on each bus at December 31, 2017 (b) If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? 10-3A On January 1, 2017, Evers Company purchased the following two machines forStep by Step Solution
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