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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 for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Salvage Value Useful Life in Years Depreciation Bus Acquired Cost Method $99,000 110,000 89,000 $5,500 10,500 8,500 Straight-line Declining-balance Units-of-activity 2 4 4 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 2016, 23,000; 2017, 31,000; and 2018, 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 71 per mile SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again 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 56100 BUS 2 68640
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