US Weygandt, Accounting Principles, 12e PRINCIPLES OF ACCOUNTING I & II (ACC 201
ID: 2522205 • Letter: U
Question
US Weygandt, Accounting Principles, 12e PRINCIPLES OF ACCOUNTING I & II (ACC 201- 202) Practice Gradebook ORION Downloadable eTextbook ssignment nt Problem 10-2A (Part Level Submission) In 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 varlous methods were selected. Information concerning the buses is summarized as follows Useful Life in Years Salvage Depreciation Bus Acquired Cost Value Methed ods 96,000 6,S00 128,000 11,000 9,000 Straight-line Declining-balance Units-of-activity t the r the 95,100 For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 123,000. Actual miles of use in the first 3 years were 2016, 25,000; 2017, 31,000; and 2018, 32,500 te e (a1) Thi Thes cho For Bus # 3, calculate depreciation expense per mile under units-o-activity method. (Round answer to 2 decima, places, e.g. o.5o.) Depreciation expense per mile electi interv LINK TO T Attempts: 0 of 3 used SAVE FOR LATER ng the ob tra and al nd ga e is in ying to ing yo Version 4.246.2 ion? graphis rating anizatio Show all MGT 2530-Care....docxMatch Game Ch 17. docx 0 Type here to search ??Explanation / Answer
Requirement a1 - Depreciation Expense per Mile = $0.70 per Mile
Depreciation Expense per Mile under Units-of-Activity method
= (Cost of Asset - Salvage Value) / Total Miles
= ($95,100 - $9,000) / 1,23,000 Miles
= $0.70 per Mile
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