Question 3 of 7 0.67/2 View Policies Show Attempt History Current Attempt in Progress In recent years, Concord 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 shown as follows. Bus 1 2 3 Acquired 1/1/18 1/1/18 1/1/19 Cost $ 96,600 123,000 78,100 Salvage Value $7,000 12,000 8,500 Useful Life in Years 4 5 Depreciation Method Straight-line Declining-balance Units-of-activity 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 116,000. Actual miles of use in the first 3 years were 2019,26,000: 2020,36,000; and 2021, 30,500. (a 1) Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg. 0.50.) * Your answer is incorrect. Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to O decimal places, eg. 15%. Round final answers to decimal places, eg. 2,125.) Accumulated depreciation 22400 BUS 1 $ BUS 2 $ 22200 BUS 3 13920 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above