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Concord Transportation purchased three used buses

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Concord Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected th method for each bus, and various methods were selected. Information concerning the buses is shown as follows. Salvage Value Useful Life in Years Depreciation Method Bus Cost 1 4 Acquired 1/1/17 1/1/17 1/1/18 2 $ 96,600 123,000 78,100 $ 7,000 12,000 8,500 5 Straight-line Declining-balance Units-of-activity 3 5 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 116,000. Actual mile first 3 years were 2018, 26,000; 2019, 36,000; and 2020, 30,500.
CALCULATOR F! (a1) Your answer is correct. For Bus #3, calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost 0.6 per mile SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR PROBLEM Atte (a2) Compute the amount of accumulated depreciation on each bus at December 31, 2019. (Round depreciable cost per unit to 2 to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.) Accumulated depreciation BUS 1 $ BUS 2 BUS 3 cy | © 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc.