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Accounting Principles P10.2A (LO 2) In recent years, Avery 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. Compute depreciation under different methods. Bus Acquired Cost Salvage Useful Depr Value Life in Me Years 1 1/1/18 $ $ 6,000 5 Strai 96,000 1/1/18 110,000 10,000 4 Declit balan 3 1/1/19 92,000 8,000 5 Units activi N For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total Accounting Principles LO 2) In recent years, nsportation d three used buses. of frequent turnover in unting department, a accountant selected ciation method for - and various methods cted. Information ng the buses is zed as follows. e depreciation under methods. uired Cost Salvage Useful Depreciation Value Life in Method Years 1/1/18 $ $ 6,000 5 Straight-line 96,000 1/1/18 110,000 10,000 4 Declining- balance 1/1/19 92,000 8,000 5 Units-of- activity eclining balance che company uses the eclining rate. For the ctivity method, total Accounting Principles 3 1/1/19 92,000 8,000 5 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 2019, 24,000; 2020, 34,000; and 2021, 30,000 Instructions a. Compute the amount of accumulated depreciation on each bus at December 31, 2020 Bus 2, 12/31/19, $82,500 b. 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