Question:

Accounting Depreciation?

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Juresic 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.

Bus Acquired Cost Salvage

Value Useful Life

in Years Depreciation Method

1 1/1/06 $97,600 $7,000 5 Straight-line

2 1/1/06 132,500 10,100 4 Declining-balance

3 1/1/07 84,300 9,000 5 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 126,300. Actual miles of use in the first 3 years were: 2007, 25,100; 2008, 35,700; and 2009, 32,700.

Compute the amount of accumulated depreciation on each bus at December 31, 2008. (Round unit depreciation cost per mile to 2 decimal places. Round final answers to 0 decimal places.)

Bus 1 $ 54360

Bus 2 $

Bus 3 $

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  1. thanks so much, u guys save my life >.<

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