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What will accumulated depreciation and ending book value

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Question - Green Line Bus Company purchases a new bus at a cost of 155,000 on January 1, 2020. Green Line expects the bus to have a residual value of 15,000 at the end of 4 year useful life. During its useful life the bus is expected to be drive for 2020, 27000; 2021, 27000; 2022, 28000; and 2023, 18000 miles. What will be the accumulated depreciation and ending book value in year 3? If the company uses declining balance method, how the truck would be reported in the December 31, 2021 in statement of financial position?

Reference no: EM132654290

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