Posted by & filed under Accounting Principles, Student life.

Description: With Greyhound bus line winding down its business in Canada, the company is selling off its fleet of buses. Corporate Assets Inc. is handling the auction of 38 of these units, with the bidding scheduled for January 18, 2022. Greyhound operated in Canada for close to 100 years, and its exit may be especially tough on rural communities that often have few public transit options.

Date:  November 18, 2021

Source:  thestar.com

 Link: https://www.thestar.com/news/gta/2021/11/18/fleet-of-greyhound-buses-up-for-sale-after-company-shut-down-all-canadian-operations-permanently.html?source=newsletter&utm_content=a05&utm_source=ts_nl&utm_medium=email&utm_email=760BE779956395955CFBBA5C497D22A3&utm_campaign=sbj_86802

Discussion points:

1) How do students get to your campus at the start of a term? What type of transportation do they depend on? (This might be a fun in-class survey to try.)

2) Is your university community well-served by public transit?

3) In Wiley’s Financial Accounting: Tools for Business Decision-Making, chapter 9 tells us about three methods of depreciation for long-lived assets. If you were a bus company like Greyhound, which of these three methods would best reflect the “wear and tear” on the buses?

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