Problem 10-2AIn recent years Avery 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 as follows.BusAcquiredCostSalvageValueUseful Lifein YearsDepreciationMethod11/1/15$ 96 000$ 6 5005Straight-line21/1/15122 00012 0005Declining-balance31/1/1693 0009 0004Units-of-activityFor the declining-balance method the company uses the double-declining rate. For the units-of-activity method total miles are expected to be 120 000. Actual miles of use in the first 3 years were 2016 24 000; 2017 35 500; and 2018 32 000.
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