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(Solved) can someone please help me find the bus depreciation for this


can someone please help me find the bus depreciation for this problem?


In recent years, Avery 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.

 


 

Bus

 


 

Acquired

 


 

Cost

 


 

1

 

2

 

3

 


 

1/1/12

 

1/1/12

 

1/1/13

 


 

$ 95,300

 

130,000

 

79,940

 


 

Salvage

 

Value

 

$ 6,900

 

12,000

 

7,700

 


 

Useful Life

 

in Years

 


 

Depreciation

 

Method

 


 

4

 

5

 

4

 


 

Straight-line

 

Declining-balance

 

Units-of-activity

 


 

For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected

 

to be 120,400. Actual miles of use in the first 3 years were: 2013, 24,000; 2014, 32,900; and 2015, 29,700.

 


 

For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g.

 

$0.50.)

 

$

 

Depreciation expense per

 

mile

 


 

per mile

 


 

LINK TO TEXT

 


 

Compute the amount of accumulated depreciation on each bus at December 31, 2014. (Round answers to 0 decimal places, e.g.

 

$2,125.)

 

2014

 

$

 

BUS 1

 

BUS 2

 


 

$

 


 

$

 

BUS 3

 


 

LINK TO TEXT

 


 

If bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2012 and 2013? (Round answers

 

to 0 decimal places, e.g. $2,125.)

 

2012

 

Depreciation expense

 


 

$

 


 

2013

 

$

 


 

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DATE ANSWERED

Oct 15, 2019

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