(b)If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019?(Round answers to 0 decimal places, e.g. 2,125.)(1)(2)20182019Depreciation expense$$ In recent years, Riverbed Transportation purchased three used buses. Because of frequent turnover in the accounting department, adifferent accountant selected the depreciation method for each bus, and various methods were selected. Information concerning thebuses is summarized as follows.SalvageUseful LifeDepreciationBusAcquiredCostValuein YearsMethod11/1/18$ 96,100$7,0004Straight-line21/1/18119,00011,000Declining-balance31/1/1995,0007,500Units-of-activityFor the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles areexpected to be 125,000. Actual miles of use in the first 3 years were 2019, 25,500; 2020, 34,500; and 2021, 30,000.

Name: (b)If Bus 2 was purchased on April 1 instead of January 1, what is th
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Description: (b)If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019?(Round answers to 0 decimal places, e.g. 2,125.)(1)(2)20182019Depreciation expense$$ In recent years, Riverbed Transpor

Business

Accounting

If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to O decimal places, e.g. 2,125.) (1) (2) 2018 2019 Depreciation expense 2$ 2$

If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2018 and (2) 2019? (Round answers to O decimal places, e.g. 2,125.) (1) (2) 2018 2019 Depreciation expense 2$ 2$

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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