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In recent years, Whispering Winds 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 Cost Salvage Value Useful Life in Years Depreciation Method 1 Jan. 1, 2020 $ 95,000 $ 5,000 4 Straight-line 2 Jan. 1, 2020 110,000 10,000 4 Declining-balance 3 Jan. 1, 2021 88,000 7,500 4 Units-of-activity For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 115,000. Actual miles of use in the first 3 years were 2021, 23,000; 2022, 31,000; and 2023, 29,000. (a1) Correct answer icon Your answer is correct. For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense $ enter the depreciation expense in dollars per mile rounded to 2 decimal places .70 per mile

eTextbook and Media Attempts: 1 of 5 used (a2) Incorrect answer icon Your answer is incorrect. Compute the amount of accumulated depreciation on each bus at December 31, 2022. Accumulated depreciation BUS 1 $ enter a dollar amount 25,000 BUS 2 $ enter a dollar amount 25,000 BUS 3 $ enter a dollar amount 20,150 eTextbook and Media Attempts: 3 of 5 used (b) If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2020 and (2) 2021? (1) 2020 (2) 2021 Depreciation expense

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