:Question 2 Salvage Useful Life Bus Acquired Cost Value 1/1/15 $ 96,000 $ 6,000 1/1/15 110,000 10,000 in Years Depreciation Method Straight-line Declining-balance 1 2 The company depreciate the first bus at a rate of 20%, and the second bus at a rate of 25% a) Compute the amount of accumulated depreciation on each bus at December 31, 2017. Instructions b) If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016