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In recent years, Bridgeport 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. Bus Acquired Cost Salvage Value Useful Life in Years 1 Jan 1, 2020 $ 99,400 $8,000 5 Depreciation Method Straight line Declining balance Units-of-activity 2 Jan 1, 2020 118,000 12,000 5 3 Jan 1, 2021 91,600 9,000 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 118,000. Actual miles of use in the first 3 years were 2021, 27,000: 2022, 35,500; and 2023, 31,000. Attempts: 1 of 3 used (6) X Your answer is incorrect. If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2020 and (2) 2021? (1) 2020 (2) 2021 Depreciation expense $ 48000 $ 40000