70.2K

Verified Solution

Question

Accounting

question in the end
image
image
image
Question 1 of 4 > 10/20 TIT View Policies Show Attempt History Current Attempt in Progress In recent years, Carta Transportation purchased three used buses. Because of frequent turnoder 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 Residual Bus Cost Acquired Value Useful Life In Years Depreciation Method 1 1/1/18 E 97,600 E 5.000 4 2 1/1/18 115.000 4 10.500 8.000 Straight-line Declining-balance Units-of-activity 3 1/1/19 94,800 5 For the declining balance method, the company uses the double decliningrate. For the units of activity method, total miles are expected to be 124,000. Actual miles of use in the first 3 years were: 2019.27.500, 2020, 33.000, and 2021.29.500 (a) UU 10/20 HII Your answer is correct Calculate depreciable cost per mile for Bus 3. (Round answer to 2 decimal places ...obo) Depreciable cout 0.70 permite Compute the amount of accumulated depreciation on each bus at December 31, 2020 Accumulated Depreciation at December 31, 2020 BUS 1 E 30 BU52 E BUS E Attempts: 1 of 3 used man DUS Attempts: 1 of 3 used (by If Bus no. 2 was purchased on April 1 instead of mary 1. what is the depreciation expense for this bus in 2018 and 2019 Round answers to decimal noces, s. 2.125.) 2018 2019 Depreciation expense Se for Later Attempts:0 of 3 used Subin Antwer X A Wall

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students