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Problem 10-02A al-b in recent years, Swifty Transportation purchased three used buses. Because of trequent turnover in the accounting department, a cifferent accountant selected the
Problem 10-02A al-b in recent years, Swifty Transportation purchased three used buses. Because of trequent turnover in the accounting department, a cifferent accountant selected the depreciation method for each bus, and various metheds were selected. Information concerning the buses is summarized as tollows Salvage Useful Life Bus Acquired 96,500 129,000 94,100 s 5,000 8,000 For the declining balance method'e c mpany uses the double-dedning att For the units of activity meende, tata miles are expected to be 123,000 Act a miles of use in the first years were 2019, 27,500; 202035,000; and 2021, 30,000 your answer is i0mect. Try again. For Bus #3calculate deprecation expenon per mile under units-of-activty method. (Round answer to 2 decimal places, eeg. 0.50.) Depreciation expense 6 llper mile Your answer is incarrect. Try again Compute the amount af accumulated depreciation on each bus at December 31, 2020. (Round answers to o decimal places, e.9- 2,125.) BUS Your answer is incomect. Try aain. Bus 2 was purchased on Apnl 1 instead of January 1, what is te depreciation expense forthis bus in (1) 2018 and 2) 20197 (Round answers to 0 decimal places, e.g. 2,125.) Depreciation expense
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