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Problem 10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation
Problem 10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method far each bus, and various methods were selected. Information concerning the buses is summarized as follows. Useful Salvage Life Depreciation Value in Years Method Bus Acquired Cost 1/1/15 96,100 *7,000 4 Straight-line Declining balance 2 1/1/15 119,000 11,000 5 3 1/1/16 95,000 7,500 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 125,000. Actual miles af use in the first 3 years were 2016, 25,500; 2017, 34,500; and 2018, 30,000 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 $ per mile LINK TO TEXT Compute the amount of accumulated depreciation on each bus at December 31, 2017. (Round answers to 0 decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 BUS 2 BUS 3 LINK TO TEXT If Bus 2 was purchased on Apri 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? (Round answers to 0 decimal places, e.g. 2,125.) 2015 2016 Depreciation expense s
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