Answered You can hire a professional tutor to get the answer.
Problem 10-2A In recent years, Avery Transportation purchased three used buses.
Problem 10-2A
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
Salvage
Value
Useful Life
in Years
Depreciation
Method
11/1/15$ 96,200$ 7,0005Straight-line21/1/15111,00012,0005Declining-balance31/1/1688,0007,5005Units-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 115,000. Actual miles of use in the first 3 years were 2016, 26,000; 2017, 35,000; and 2018, 29,000.
Your answer is incorrect. Try again.
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
LINK TO TEXT
Your answer is incorrect. Try again.
Compute the amount of accumulated depreciation on each bus at December 31, 2017. (Round answers to 0 decimal places, e.g. 2,125.)
Accumulated depreciation
BUS 1
$
BUS 2
$
BUS 3
$
LINK TO TEXT
Your answer is incorrect. Try again.
If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? (Round answers to 0 decimal places, e.g. 2,125.)
(1)
2015
(2)
2016
Depreciation expense$
$
