2024 – In recent years Avery Transportation purchased three used buses Because of frequent turnover in

financial accounting – 2024

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   $98,300   $5,300   5   Straight-line 2   1/1/13   121,000   11,700   5   Declining-balance 3   1/1/14   80,340   8,700   4   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 119,400. Actual miles of use in the first 3 years were: 2014, 26,300; 2015, 34,300; and 2016, 29,600.

(a1) Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation expense   $ [removed]  per mile

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