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Problem 10-02A al-b (Part Level Submission) In recent years, Grouper Transportation purchased three used buses. Because of frequent turnover in the accounting dep methods were
Problem 10-02A al-b (Part Level Submission) In recent years, Grouper Transportation purchased three used buses. Because of frequent turnover in the accounting dep methods were selected. Information concerning the buses is summarized as follows. Useful Life in Years Bus 1 Acquired 1/1/18 1/1/18 1/1/19 5 Salvage Value $ 6,500 11,000 9,000 Cost $ 96,100 119,000 90,900 Depreciation Method Straight-line Declining-balance Units-of-activity 2 4 3 5 For the declining-balance method, the company uses the double declining rate. For the units-of-activity method, total mile 2020, 31,000; and 2021, 30,500. (al) Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal place. Depreciation expense 0.7 per mile Show Work is REQUIRED for this question: Open Show Work SHOW SOLUTION LINK TO TEXT (a2) (a2) x Your answer is incorrect. Try again. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to Accumulated depreciation BUS 1 53700 BUS 2 96250 BUS 3 40600 Show Work is REQUIRED for this question: Open Show Work LINK TO TEXT
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