..ooo1nland C LTE 7:43 PM 40% edugen.wileyplus.com C S weveanet AcogPrincipin Pr
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..ooo1nland C LTE 7:43 PM 40% edugen.wileyplus.com C S weveanet AcogPrincipin Problem 10-2A (Part Level Submission) In recent years, Avery 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. Salvage Useful Life Bus Acquired Cost $ 96,200 8,000 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 2016, 26,000; 2017, 31,500; and 2018, 29,500. (a1) For Bus #3, calculate depreciation expense per mile under units-of- activity method. (Round answer to 2 decimal places, e.g.O.50.) Attempts: O of 3 used SAVE PORLATER (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above.Explanation / Answer
Computation of depeciation per mile fo units of poduction method
Depreciation per mile = $91500 - $7500 / 120000 miles
= $0.7 per mile.
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