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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