make sure the answer is correct 100% Transcribed Image Text: In recent years, Ivanhoe Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant

make sure the answer is correct 100% Transcribed Image Text: In recent years, Ivanhoe 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.
Residual
Useful Life
Depreciation
Bus
Acquired
Cost
Value
in Years
Method
1
1/1/18
£ 95,600
£6,000
Straight-line
2
1/1/18
125,000
10,500
4
Declining-balance
1/1/19
90,600
8,000
4
Units-of-activity
For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are
expected to be 118,000. Actual miles of use in the first 3 years were: 2019, 27,500; 2020, 36,000; and 2021, 33,000.
Calculate depreciable cost per mile for Bus 3. (Round answer to 2 decimal places, eg. 0.50.)
Depreciable cost
per mile Transcribed Image Text: Compute the amount of accumulated depreciation on each bus at December 31, 2020.
Accumulated Depreciation
at December 31, 2020
BUS 1
BUS 2
BUS 3
eTextbook and Media
If Bus no. 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2018 and 2019?
(Round answers to O decimal places, e.g. 2,125.)
2018
2019
Depreciation expense

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