In current years sonya transportation purchased three used

Assignment Help Accounting Basics

Reference no: EM13389875

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	$ 111,400	$ 7,300	5	Straight-line
2	1/1/10	224,000	11,100	4	Declining-balance
3	1/1/11	75,895	8,300	5	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 122,900 . Actual miles of use in the first 3 years were: 2011, 23,400 ; 2012, 33,300 ; and 2013, 31,900.

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

Reference no: EM13389875

Questions Cloud

How would you describe your chosen companyrsquos dividend : discuss the dividend policy disney world answer the following questions as part of your responsehow would you describe

Find out riordans manufacturing strategy chase level or : determine riordans manufacturing strategy chase level or combination and explain its benefits.describe the supplier

Sow graphically effects of both policies on market for : the u.s. government administers two programs that affect the market for cigarettes. media campaigns and labeling

What is the importance of strategic planning in : 1.why should businesses be concerned with international marketing? elaborate.2.how is domestic marketing different from

In current years sonya transportation purchased three used : in recent years sonya transportation purchased three used buses. because of frequent turnover in the accounting

Find out the manner in which the project manager and : 1 determine the manner in which the project manager and project team uses the wbs to develop a reliable bottom-up

Discuss two pros and two cons of a business applying : personal selling and sales objectives please respond to the following compare and contrast a personal selling

Future value calculation without referring to the : future value calculation without referring to the preprogrammed function on your financial calculator or to tables use

Suppose opportunity interest rate is 8 find the present : a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can

User Account

All Pages