Question requires Accumulated Depreciation means( Total depreciation on dated 31st Dec.2020 from the date of acquisition) however you showed single year depreciation.
Computation of Accumulated Depreciation of Bus 1 under straight line method -
Straight line Depreciation per year = (Cost of Bus 1 - Salvage Value)/useful life of bus 1
= (97600 - 8000)/5
= 89600/5
= 17920
Accumulated Depreciation for three year = 17920*3
= 53760
Computation of Accumulated Depreciation of Bus 2 under Double Declining balance method -
Double Declining Depreciation rate = straight line depreciation rate * 2
= 20*2
= 40%
Chart of Depreciation upto 31st Dec. 2020 -
Date | opening | x | Depreciation Rate | Depreciation | - | Closing Balance |
12/31/2018 | 114000.00 | x | 40% | 45600.00 | - | 68400.00 |
12/31/2019 | 68400.00 | x | 40% | 27360.00 | - | 41040.00 |
12/31/2020 | 41040.00 | x | 40% | 16416.00 | - | 24624.00 |
12/31/2021 | 24624.00 | x | 40% | 9849.60 | - | 14774.40 |
12/31/2022 | 14774.40 | x | 40% | 3774.40 | - | 11000.00 |
Accumulated Depreciation upto 31st Dec. 2020 = 45600(Dep. of 2018) + 27360(Dep. of 2019) +16416 (Dep. of 2020)
= 89376
Computation of Accumulated Depreciation of Bus 3 under Units of Digits Method -
Dep. Under Units of Activity method = (Cost of Bus 3 - Salvage Value)*Actual Activity performed during the year/Total estimated lifetime activity of Bus 3
For year ended 31st Dec. 2019
Depreciation = (76200 - 9000)*27500/112000
= 67200*27500/112000
= 16500
For year ended 31st Dec. 2019
Depreciation = (76200-9000)*33000/112000
= 67200*33000/112000
= 19800
Accumulated Depreciation st 31st Dec. = 16500+19800
= 36300
Please check with your answer and let me know.
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