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Compule depreciation under different methods. (LO ) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1 1/1/15 1/1/15 1/1/16 Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 10,000 8,000 5 Depreciation Method Straight-line Declining-balance Units-of-activity For the declining-balance method,...
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Compute depreciation under different methods. (LO ) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1 1/1/15 1/1/15 1/1/16 TOTE Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 5 10,000 8,000 5 Depreciation Method Straight-line Declining balance Units-of-activity For...
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Compute depreciation under different methods. (LO2) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1/1/15 2 1/1/15 1/1/16 Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 10,000 4 8,000 Depreciation Method Straight-line Declining-balance Units-of-activity For the declining balance method,...
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Problem 9-2A
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 various methods were selected. Information concerning the buses
is summarized as follows.
Bus
Acquired
Cost
Salvage
Value
Useful Life
in Years
Depreciation
Method
1
1/1/13
$97,900
$6,800
4
Straight-line
2
1/1/13
112,000
11,100
5
Declining-balance
3
1/1/14
83,360
8,900
4
Units-of-activity
For the declining-balance method, the company uses the
double-declining...
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Fixed Assets and Depreciation
In recent years, Kevin 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.
bus
acquired
cost
salvage value
useful life in years
depreciation method
1
1/1/18
$96,000
96,000
5
straight line
2
1/1/18
$110,000
10,000
4
declining
3
1/1/19
$92,000
8,000
5
units of activity
For the declining-balance method,...
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Fixed Assets and Depreciation
In recent years, Kevin 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.
Bus Acquired Cost Salvage Value Useful Iife in Years
Depreciation Method
1 1/1/18 $96,000 6000 5 straight line
2 1/1/18 $110,000 10000 4 declining
3 1/1/19 $92,000 8000 5 units of activity
For the declining-balance method,...
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In recent years, Concord 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 shown as follows. Bus Acquired Cost Salvage Value Useful Life in
Years Depreciation Method 1 1/1/18 $ 96,600 $ 7,000 4 Straight-line
2 1/1/18 123,000 12,000 5 Declining-balance 3 1/1/19 78,100 8,500 5
Units-of-activity For the declining-balance method, the company
uses the double-declining...
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Problem 9-2A (Part Level Submission) In recent years, Novak
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 shown as
follows. Bus Acquired Cost Salvage Value Useful Life in Years
Depreciation Method 1 1/1/17 $ 98,300 $ 7,000 5 Straight-line 2
1/1/17 118,000 10,000 4 Declining-balance 3 1/1/18 88,640 8,000 4
Units-of-activity For the declining-balance method,...
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In recent years, Novak 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.
Bus
Acquired
Cost
Salvage
Value
Useful Life
in Years
Depreciation
Method
1
1/1/18
$ 99,000
$ 5,500
5
Straight-line
2
1/1/18
110,000
10,500
4
Declining-balance
3
1/1/19
89,000
8,500
4
Units-of-activity
For the declining-balance method, the company uses the
double-declining...
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In recent years, Swifty 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 shown as follows.
Bus
Acquired
Cost
Salvage
Value
Useful Life
in Years
Depreciation
Method
1
1/1/17
$ 99,400
$ 7,500
4
Straight-line
2
1/1/17
118,000
10,000
4
Declining-balance
3
1/1/18
82,400
8,000
4
Units-of-activity
For the declining-balance method, the company uses the
double-declining...
Compule depreciation under different methods. (LO ) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1 1/1/15 1/1/15 1/1/16 Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 10,000 8,000 5 Depreciation Method Straight-line Declining-balance Units-of-activity For the declining-balance method,...
Compute depreciation under different methods. (LO ) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1 1/1/15 1/1/15 1/1/16 TOTE Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 5 10,000 8,000 5 Depreciation Method Straight-line Declining balance Units-of-activity For...
Compute depreciation under different methods. (LO2) P10-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depre- ciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired 1/1/15 2 1/1/15 1/1/16 Cost $ 96,000 110,000 92,000 Salvage Useful Life Value in Years $ 6,000 10,000 4 8,000 Depreciation Method Straight-line Declining-balance Units-of-activity For the declining balance method,...
Problem 9-2A
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 various methods were selected. Information concerning the buses
is summarized as follows.
Bus
Acquired
Cost
Salvage
Value
Useful Life
in Years
Depreciation
Method
1
1/1/13
$97,900
$6,800
4
Straight-line
2
1/1/13
112,000
11,100
5
Declining-balance
3
1/1/14
83,360
8,900
4
Units-of-activity
For the declining-balance method, the company uses the
double-declining...
Problem 9-2A (Part Level Submission) In recent years, Novak
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 shown as
follows. Bus Acquired Cost Salvage Value Useful Life in Years
Depreciation Method 1 1/1/17 $ 98,300 $ 7,000 5 Straight-line 2
1/1/17 118,000 10,000 4 Declining-balance 3 1/1/18 88,640 8,000 4
Units-of-activity For the declining-balance method,...
In recent years, Novak 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.
Bus
Acquired
Cost
Salvage
Value
Useful Life
in Years
Depreciation
Method
1
1/1/18
$ 99,000
$ 5,500
5
Straight-line
2
1/1/18
110,000
10,500
4
Declining-balance
3
1/1/19
89,000
8,500
4
Units-of-activity
For the declining-balance method, the company uses the
double-declining...
In recent years, Swifty 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 shown as follows.
Bus
Acquired
Cost
Salvage
Value
Useful Life
in Years
Depreciation
Method
1
1/1/17
$ 99,400
$ 7,500
4
Straight-line
2
1/1/17
118,000
10,000
4
Declining-balance
3
1/1/18
82,400
8,000
4
Units-of-activity
For the declining-balance method, the company uses the
double-declining...