PLO In recent years, Freeman 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.
tableBusAcquired,Cost,tableResidualValuetableUseful Lifein YearsDepreciation MethodStraightlineDecliningbalanceUnitsofactivity
For the decliningbalance method, the company uses the doubledeclining rate. For the unitsofactivity method, total miles are expected to be Actual miles of use in the first years were miles in and miles in
Instructions
a Compute the amount of accumulated depreciation on each bus at December
b If Bus was purchased on April instead of January what is the depreciation expense for this bus in and
