space, and insert the amounts in the appropriate columns. For amounts entered in the Other Accounts...

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Accounting

space, and insert the amounts in the appropriate columns. Foramounts entered in the Other Accounts column, also indicate theaccount titles.
Item Land Buildings Other Accounts
P10.2A (LO 2) In recent years, Avery Transportation purchasedthree used buses. Because of fre- quent turnover in the accountingdepartment, a different accountant selected the depreciation methodfor each bus, and various methods were selected. Informationconcerning the buses is summarized as follows.
Totals
Land $172,500 Buildings $735,000
Compute depreciation under different methods.
Bus
1 2 3
Acquired
1/1/18 1/1/18 1/1/19
Cost
$ 96,000 110,000 92,000
Salvage Value
$ 6,000 10,000 8,000
Useful Life in Years
5 4 5
Depreciation Method
Straight-line Declining-balance Units-of-activity
Problems: Set A
10-39
For the declining-balance method, the company uses thedouble-declining rate. For the units-of-activity method, totalmiles are expected to be 120,000. Actual miles of use in the first3 years were 2019, 24,000; 2020, 34,000; and 2021, 30,000.
Instructions
a. Compute the amount of accumulated depreciation on each busat December 31, 2020.
b. If Bus 2 was purchased on April 1 instead of January 1,what is the depreciation expense for this bus
in (1) 2018 and (2) 2019?

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space, and insert the amounts in the appropriate columns. Foramounts entered in the Other Accounts column, also indicate theaccount titles.Item Land Buildings Other AccountsP10.2A (LO 2) In recent years, Avery Transportation purchasedthree used buses. Because of fre- quent turnover in the accountingdepartment, a different accountant selected the depreciation methodfor each bus, and various methods were selected. Informationconcerning the buses is summarized as follows.TotalsLand $172,500 Buildings $735,000Compute depreciation under different methods.Bus1 2 3Acquired1/1/18 1/1/18 1/1/19Cost$ 96,000 110,000 92,000Salvage Value$ 6,000 10,000 8,000Useful Life in Years5 4 5Depreciation MethodStraight-line Declining-balance Units-of-activityProblems: Set A10-39For the declining-balance method, the company uses thedouble-declining rate. For the units-of-activity method, totalmiles are expected to be 120,000. Actual miles of use in the first3 years were 2019, 24,000; 2020, 34,000; and 2021, 30,000.Instructionsa. Compute the amount of accumulated depreciation on each busat December 31, 2020.b. If Bus 2 was purchased on April 1 instead of January 1,what is the depreciation expense for this busin (1) 2018 and (2) 2019?