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Problem 10-2A (Part Level Submission) In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant
Problem 10-2A (Part Level Submission) 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 Useful Life in Years Salvage Depreciation Bus Acquired Cost Value Method $ 97,300 124,000 89,900 8,000 11,000 8,000 Straight-line Declining-balance Units-of-activity 2 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 117,000. Actual miles of use in the first 3 years were 2016, 27,500; 2017, 35,000; and 2018, 31,500 ? (a1) 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 0.7 per mile
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