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View Policies Show Attempt History Current Attempt in Progress In recent years, Martinez 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. Salvage Value Useful Life in Years Depreciation Method Bus Acquired Cost 1 Jan. 1. 2020 $ 97,300 $ 8,000 5 Straight-line 2 Jan. 1, 2020 124.000 11,000 5 Declining-balance 3 Jan. 1, 2021 89.900 8.000 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 117.000. Actual miles of use in the first 3 years were 2021, 27,500; 2022, 35,000; and 2023, 31,500. (a1) Your answer is correct. 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 0.70 per mile (a2) Compute the amount of accumulated depreciation on each bus at December 31, 2022. Accumulated depreciation BUS 1 $ 53580 BUS 2 $ 108500 BUS 3 $ e Textbook and Media Save for Later Last saved 1 hour ago. Attempts: 0 of 5 used Submit Answer (b) If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2020 and (2) 2021? (1) 2020 (2) 2021 Depreciation expense $ $

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