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Question 9 of 12 1.67/5 LE In recent years, Sheffield Transportation purchased three used buses. Because of frequent turnover in the accounting department.a different
Question 9 of 12 1.67/5 LE In recent years, Sheffield Transportation purchased three used buses. Because of frequent turnover in the accounting department.a different accountant was in charge of selecting the depreciation method for each bun, and various methods have been used Information concerning the buses is summarized in the table below Bus 1 Acquired Jan 1, 2020 Cost Salvagn Value Useful Life in Years Depreciation Method $98.900 $7500 5 Straight-line 2 Jan 1, 2020 128.000 12.000 4 Declining balance " Jan 1, 2021 95,000 7,500 3 Units of activity For the declining balance method the company uses the double-declining rate. For the units of activity method, total miles a expected to be 125.000 Actual miles of use in the first 3 years were 2021,27,000, 2022, 35 000 and 2023,33,000 (al) Your answer is correct Bu din 43 calcidate depreciation expense per mile under units-of-activity method (Round answer to 2 decimal places, eg 0503
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