Home / Expert Answers / Accounting / in-recent-years-sarasota-transportation-purchased-three-used-buses-because-of-frequent-turnover-i-pa595

(Solved): In recent years, Sarasota Transportation purchased three used buses. Because of frequent turnover i ...



student submitted image, transcription available below
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 below. For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 118,000. Actual miles of use in the first 3 years were: ; and 2021, 33,000. Calculate depreciable cost per mile for Bus 3. (Round answer to 2 decimal places, e.g. 0.50.) Depreciable cost per mile Compute the amount of accumulated depreciation on each bus at December 31, 2020. If Bus no. 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2018 and 2019? (Round answers to Odecimal places, e.g. 2,125.)


We have an Answer from Expert

View Expert Answer

Expert Answer



We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe