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The Tree Line Inn has purchased a shuttle bus to transport guests to and from...

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Question

Accounting

The Tree Line Inn has purchased a shuttle bus to transport guests to and from a local ski lodge. The cost of the bus is $40,000; its salvage value is $4,000; and its life is five years with expected usable mileage of 100,000.

REQUIRED

Calculate depreciation and net book value for years 1-5 for all methods. For units of production assume 15,000 in year 1, 20,000 miles in year 2, 25,000 in year 3, 25,000 in year 4 and 20,000 in year 5.:

  1. Straight-Line
  2. Units of production
  3. Sum-of-the-years digits
  4. Double declining balance

Answer & Explanation Solved by verified expert
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