Information concerning the buses is summarized as follows

Reference no: EM131018765

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
1 1/1/12 $95,800 $5,500 5 Straight-line
2 1/1/12 116,000 10,900 4 Declining-balance 3 1/1/13 94,470 8,300 5 Units-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 123,100. Actual miles of use in the first 3 years were: 2013, 25,900; 2014, 33,200; and 2015, 30,000. 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 $ per mile.

Reference no: EM131018765

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