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View Policies Show Attempt History Current Attempt in Progress In recent years, Tamarisk Transportation purchased three used buses. Because of frequent turnover in the accounting
View Policies Show Attempt History Current Attempt in Progress In recent years, Tamarisk 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 below. Bu Atgiaired Cost Useful Life In Years Residual Value 6,500 Depreciation Method 1 1/118 E 96,100 5 2 1/1/18 119.000 11,000 4. Straight-line Declining-balance Units-of-activity 1/1/19 90.900 9.000 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 117.000. Actual miles of use in the first 3 years were 2019,24,500; 2020,31.000; and 2021, 30,500 BUS 3 m 38850 Attempts: 1 of 3 used (b) If Bus no. 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2018 and 2019? (Round answers to decimal places, e.g. 2,125.) 2018 2019 E E Depreciation expense Attempts: 0 of 3 used Submit Answer Save for Later
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