in recent years sonya transportation purchased three used buses becau 386669
In recent years, Sonya 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.
| Bus | Acquired | Cost | Salvage Value |
Useful Life in Years |
Depreciation Method |
|||||
| 1 | 1/1/10 | $ 102,200 | $ 6,600 | 4 | Straight line | |||||
| 2 | 1/1/10 | 194,000 | 12,100 | 5 | Declining balance | |||||
| 3 | 1/1/11 | 71,018 | 8,900 | 5 | Units of activity |
For the declining balance method, the company uses the double declining rate. For the units ofactivity method, total miles are expected to be 121,800 . Actual miles of use in the first 3 years were: 2011, 26,900 ; 2012, 32,600 ; and 2013, 31,800 .
(a) Compute the amount of accumulated depreciation on each bus at December 31, 2012.
(Round answers to 0 decimal places, e.g. $2,125. Enter amounts in relevant fields only. Leave other fields blank, do not enter 0.)
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