Business
Business, 22.09.2020 14:01, alexiannaa

Problem 10-02A a1-b In recent years, Sarasota 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 1/1/18 $ 96,800 $ 7,500 5 Straight-line 2 1/1/18 111,000 10,500 4 Declining-balance 3 1/1/19 92,900 7,500 4 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 122,000. Actual miles of use in the first 3 years were 2019, 25,000; 2020, 31,000; and 2021, 32,000. 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 Link to Text Compute the amount of accumulated depreciation on each bus at December 31, 2020. (Round answers to 0 decimal places, e. g. 2,125.) Accumulated depreciation BUS 1 $ BUS 2 $ BUS 3 $ Link to Text If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to 0 decimal places, e. g. 2,125.) (1) 2018 (2) 2019 Depreciation expense $ $

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Problem 10-02A a1-b In recent years, Sarasota Transportation purchased three used buses. Because of...

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