Problem 10-02A al-b In recent years, Novak 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. Bus 1 2 3 Acquired 1/1/18 1/1/18 1/1/19 Snipping Tool Salvage Value $ 5,500 10,500 8,500 Cost $ 99,000 110,000 89,000 Useful Life in Years 5 4 Depreciation Method Straight-line Declining-balance Units-of-activity 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, 30,500. Your answer is correct. 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 0.70 per mile SHOW SOLUTION SHOW ANSWER LINK TO TEXT * Your answer is incorrect. Try again. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to o decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 18700 BUS 2 82500 BUS 3 16100 LINK TO TEXT 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) 2018 2010 x= Depreciation expensell 55000 27500 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT