Declining-balance method-company uses double-declining rate

Reference no: EM13768052

In recent years, Juresic 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.

Bus	Acquired	Cost	Salvage Value	Useful Life in Years	Depreciation Method
1	1/1/08	$96,000	$6,000	5		Straight-line
2	1/1/08	120,000	10,000	4		Declining-balance
3	1/1/09	80,000	8,000	5		Units-of-activity

For the declining-balance method, the company uses the double-declining rate.

Reference no: EM13768052

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