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Current Attempt in Progress(2) Double-diminishing-balance method: Carla Vista Arrow Ltd. purchased a new...

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Accounting

Current Attempt in Progress(2) Double-diminishing-balance method:
Carla Vista Arrow Ltd. purchased a new bus on October 1,2024, at a total cost of $244,303. Management is considering the merits of
using the diminishing-balance or units-of-production methods of depreciation instead of the straight-line method, which it currently
uses for its other buses. The new bus has an estimated residual value of $24,500, and an estimated useful life of either four years or
301,100km. Use of the bus will be sporadic so it could be much higher in some years than in others. Assume the new bus is driven as
follows: 7,700 km in 2024; 100,100 km in 2025; 61,800 km in 2026; 96,500 km in 2027; and 35,000 km in 2028. Carla Vista Arrow has
an October 31 year end.
(a)
Prepare separate depreciation schedules for the life of the bus using: (Round depreciation per unit to 2 decimal places, e.g.5.28 and
final answers to 0 decimal places, e.g.5,275.)
(1) Straight-line method:
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