Reference no: EM13600654

In recent years, juresic transportation purchased three used buses.Bus Acquired Cost Salvage Value Useful life/yrs 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 declining-balance method, the company uses the double rate. for the units-of activity method, total miles are expected to be 120,000. Actual miles of use in the first 3 years were: 2009, 24,000: 2010, 34,000; and 2011, 30,000
Compute the amount of accumulated depreciation on each bus at December 31, 2010.
Bus 1 $__________
Bus 2 $___________
Bus 3_____________
If bus no. 2 was purchased on April 1 instead of Jan 1, what is the depreciation expense for this bus in 2008 and (2) 2009?