Question 2: In recent years, Waterfront Transportation purchased one used bus. The accountant selected the straight line method to compute the depreciation. Information concerning the bus is summarized as follow. salvage Useful Life Bus Acquired cost Value Years 1 1/1/12 $86,000 $6,000 4 in Depreciation Method Depreciation Straight-line (a) Compute the amount of accumulated depreciation at December 31, 2014 (formula:2 marks, computation :2 marks, final answer: I mark=5 marks) (b) If the bus was purchased on April 1 instead of January 1,what is the depreciation expense for the bus in (1) 2012 and (2) 2013. formula:2 marks, computation : 2 marks, final answer: 1mark=5 marks)X 2=10 marks Question 2: In recent years, Waterfront Transportation purchased one used bus. The accountant selected the straight line method to compute the depreciation. Information concerning the bus is summarized as follow. salvage Useful Life Bus Acquired cost Value Years 1 1/1/12 $86,000 $6,000 4 in Depreciation Method Straight-line (a) Compute the amount of accumulated depreciation at December 31, 2014 (formula:2 marks, computation :2 marks, final answer: I mark=5 marks) (b) If the bus was purchased on April 1 instead of January 1,what is the depreciation expense for the bus in (1) 2012 and (2) 2013. formula:2 marks, computation : 2 marks, final answer: 1mark=5 marks)X 2=10 marks