P10-2A - P10-2A In recent years Juresic Transportation...

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P10-2A In recent years, 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 $96,000 $6,000 5 Straight-line 2 1/1/06 120,000 10,000 4 Declining-balance 3 1/1/07 80,000 8,000 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 120,000. Actual miles of use in the first 3 years were: 2007, 24,000; 2008, 34,000; and 2009, 30,000. Compute the amount of accumulated depreciation on each bus at December 31, 2008. Bus 1 $ Bus 2 $
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