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* Question 4 If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1)
* Question 4 If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to o decimal places, e.g. 2,125.) (1) 2018 (2) 2019 Depreciation expense $ $ Attempts: 0 of 2 used Question 4 In recent years, Bramble 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 as follows. Useful Life in Years Depreciation Method Bus Cost 1 Acquired 1/1/18 1/1/18 1/1/19 5 Salvage Value $ 7,000 12,000 7,500 $ 96,200 111,000 88,000 2. 5 Straight-line Declining-balance Units-of-activity 3 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 115,000. Actual miles of use in the first 3 years were 2019, 26,000; 2020, 35,000; and 2021, 29,000. * Question 4 If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to o decimal places, e.g. 2,125.) (1) 2018 (2) 2019 Depreciation expense $ $ Attempts: 0 of 2 used Question 4 In recent years, Bramble 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 as follows. Useful Life in Years Depreciation Method Bus Cost 1 Acquired 1/1/18 1/1/18 1/1/19 5 Salvage Value $ 7,000 12,000 7,500 $ 96,200 111,000 88,000 2. 5 Straight-line Declining-balance Units-of-activity 3 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 115,000. Actual miles of use in the first 3 years were 2019, 26,000; 2020, 35,000; and 2021, 29,000
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