Calculate depreciation expense per mile

Assignment Help Financial Accounting

Reference no: EM13169940

In recent years, Sonya 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.

Bus	Acquired	Cost	Salvage Value	Useful Life in Years	Depreciation Method
1	1/1/10	$ 117,400	$ 6,600	4	Straight-line
2	1/1/10	298,000	12,000	5	Declining-balance
3	1/1/11	84,030	9,000	4	Units-of-activity

For the declining-balance method, the company uses the double-declining rate. For the units-ofactivity method, total miles are expected to be 123,000. Actual miles of use in the first 3 years were: 2011, 24,800; 2012, 35,600 ; and 2013, 29,300 .

Calculate depreciation expense per mile under units-of-activity method.

Reference no: EM13169940

Questions Cloud

Who might be stakeholders : Who might be stakeholders? Do you think it is almost inevitable that the requirements of different stakeholders can conflict in some way? Give an example.

American vocabulary by the nineteenth century : ______ is a word of Algonkian origin meaning "one who advises"; as a political term, it was part of the American vocabulary by the nineteenth century. Andrew Jackson's chief rival as the chief spokesman for the trans-Appalachian West was __________.

Determine the energy associated with a mole of photons : A local FM radio rock station in San Antonio is known to operate at a frequency 99.5 MHz. Determine the energy associated with a mole of photons emitted by this station in J/mol. (106 Hz = 1 MHz) (1/s = 1 Hz).

State the liberated hydrogen was collected by displacement : A sample of iron was dissolved iin hydrochloric acid. The liberated hydrogen was collected by displacement of water. The hydrogen occupied 262 mL at 26 c.

Calculate depreciation expense per mile : Calculate depreciation expense per mile under units-of-activity method - depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized below.

Write the half-cell reaction for the oxidation : Write the half-cell reaction for the oxidation. Write the half-cell reaction for the reduction. Write the balanced equation for the cell reaction. Keep substances in the order given in the original equation.

Sea power in warfare : What did naval strategist Alfred Thayer Mahan propose about the importance of sea power in warfare? What was Mahan's "new navy" exactly supposed to do for a nation's military power?

Which anion releases an odorous gas as a product : Which anion gives precipitate with Ba+2 ion? Iv) Which anion evolves a gas when acid is added? V) Which anion releases an odorous gas as a product?

Calculate the concentration of nh3 and nh4+ in the final : A solution is prepared by mixing 4 ml of .20 M NH3, 1 ml of .20 M HCl, and 5 ml of water. Calculate the concentration of NH3 and NH4+ in the final diluted solution.

User Account

All Pages