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 for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired Cost Salvage Value Useful Life in Years Depreciation Method 1 1/1/15 $ 95,600 $ 8,000 4 Straight-line 2 1/1/15 119,000 12,000 5 Declining-balance 3 1/1/16 91,300 8,000 5 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 119,000. Actual miles of use in the first 3 years were 2016, 28,000; 2017, 35,000; and 2018, 31,000.

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 for each bus, and various methods were selected. Information concerning the buses is summarized as follows epreciation Method vage LI Bus Acquired Value Cost $ 95,600 119,000 91,300 in Years 4 $8,000 12,000 8,000 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 119,000. Actual miles of use in the first 3 years were 2016, 28,000; 2017, 35,000; and 2018, 31,000