Blossom Bus Service uses the units-of-production method to calculate depreciation on its buses. Each bus...
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Blossom Bus Service uses the units-of-production method to calculate depreciation on its buses. Each bus is expected to be driven 320,300km over its life. Bus 10 was purchased on March 1, 2023, for $32,580 and is expected to have a residual value of $550. Bus 10 was driven 104,470 km in 2023 and 137,180 km in 2024. Blossom Bus Service has a December 31 year end. Calculate the depreciation expense on Bus 10 for 2023 and 2024
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