9-48 CHAPTER 9 Reporting and Analyzing Long-Lived Assets 0. Based on your calculations in part al. comment on the relative effectiveness of the two companies in using their assets to generate sales, What factors complicate your ability to compare the two companies? Compute depreciation under different methods P9.8A (LO 2, 6), AP In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Salvage Useful Life Machine Acquired Cost Value (in years) Depreciation Method Jan. 1, 2020 $96,000 $12,000 Straight-line July 1, 2021 85,000 10,000 Declining-balance Nov. 1, 202166,000 6,000 Units-of-activity For the declining-balance method, Jayme Company uses the double-declining rate. For the units of activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were 2021, 800; 2022, 4,500; and 2023, 6,000. a. Machine 2 $60,520 Instructions a. Compute the amount of accumulated depreciation on each machine at December 31, 2023. b. If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? an. Aan d an of