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In recent years, Sarasota Transportation purchased three used buses. Because of frequent turnover in the...

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Accounting

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In recent years, Sarasota 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. Bus Acquired Salvage Value Cost Useful Life In Years Depreciation Method 1 Jan 1, 2020 $ 96,800 $ 7.500 5 2 Jan. 1.2020 111.000 10,500 4 Straight-line Declining balance Units of activity 3 Jan. 1.2021 92.900 7.500 4 For the declining-balance method, the company uses the double declining rate. For the units of activity method, total miles are expected to be 122.000. Actual miles of use in the first 3 years were 2021 25.000:2022. 31.000 and 2023, 32.000 (a1) For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, eg: 0.50) Depreciation expense per mile cTextbook and Media Svoriter Attempts: 0 of 3 used Smit Answer (22) The parts of question must be completed in this will be available when you complete the part above

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