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Problem 9-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation
Problem 9-2A 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 bu various methods were selected. Information concerning the buses is shown as follows Salvage Value Useful Life in Years Bus Acquired Cost Method $96,000 110,000 92,000 6,000 10,000 8,000 Straight-line Declining-balance Units-of-activity For the declining-baae method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 120,000. Actual miles of use in the first 3 years were 2018, 24,000; 2019, 34,000; and 2020, 30,000 For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg, 0.50.) Depreciation expense per mile Compute the amount of accumulated depreciation on each bus at December 31, 2019. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decima places, e.g. 15%. Round final answers to 0 decimal places, eg. 2,125.) Accumulated depreciation BUS 1 BUS 2 BUS 3
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