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In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the...

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Accounting

In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each bus, and various methods have been used. Information concerning the buses is summarized in the table below. Bus 1 2 3 (a1) (a2) BUS 1 Acquired Jan. 1, 2020 BUS 2 Jan. 1, 2020 BUS 3 Jan. 1, 2021 Cost $ 96,000 $ 110,000 $ 92,000 Your answer is partially correct. $ For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 120,000. Actual miles of use in the first 3 years were 2021, 24,000; 2022, 34,000; and 2023, 30,000. Accumulated depreciation Salvage Value $6,000 54000 10,000 Compute the amount of accumulated depreciation on each bus at December 31, 2022. 82500 38860 8,000 Useful Life in Years 5 4 5 Depreciation Method Straight-line Declining-balance Units-of-activity
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