Reference no: EM13912206
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 conserning the buses is summarized as follow.
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Bus
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Acquired
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Cost
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SalvageValue
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Useful Life in Years
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Depreciation Method
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1
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1/1/2012
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$99,100
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$7,900
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4
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Strait-line
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2
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1/1/2012
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128,000
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11,000
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4
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Declining- balance
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3
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1/1/2013
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66,350
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8,800
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5
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Unit-of-activity
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For the declining -balance method, the company uses the double-declining rate. for the units-of-activity method, total miles are expected to be 115,100. Actual miles of use in the first 3 years were: 2013, 23,400; 2014, 32,700; and 2015, 31,900. For Bus #3, calculate depreciation expense per mile under units-of-activity method.(Round answer to 2 decimal places,e.g.$0.50.).
Compute the amount of accumulated depreciation on each bus at December 31, 2014 (Round answers to 0 decimal places, e.g. $2,125.).
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2014
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BUS 1
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$
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BUS 2
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$
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BUS3
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$
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If bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2012 and 2013? (Round answers to 0 decimal places, e.g.$2,125.).
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2012
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2013
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Depreciation expense
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$
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$
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