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Question 1 of 4 > - /20 iii View Policies Current Attempt in Progress In recent years, Tamarisk Transportation purchased three used buses. Because of
Question 1 of 4 > - /20 iii View Policies Current Attempt in Progress In recent years, Tamarisk 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 below. Bus Acquired Cost Residual Value Useful Life In Years Depreciation Method 1 1/1/18 E 96,100 6,500 5 2 1/1/18 119.000 11.000 4 Straight-line Declining-balance Units-of-activity 3 1/1/19 90.900 9,000 5 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: 2019,24,500, 2020, 31,000 and 2021.30,500. 20 = (a) Calculate depreciable cost per mile for Bus 3. (Round answer to 2 decimal places, eg. 0.50) Depreciable cost per mile Compute the amount of accumulated depreciation on each bus at December 31, 2020. Accumulated Depreciation at December 31, 2020 BUS 1 BUS 2 E BUS3 E
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