Assignment CALCULATOR PRINTER VERSION 4 BACK NEXT RCES 9 Question 3 In recent years, Crane 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 Depreciation Cost Value (in years) Method 1 Jan. 1, 2020 $126,000 $16,000 10 Straight line 2 July 1, 2021 79,000 11,200 5 Declining balance 3 Nov. 1, 2021 71,900 7,900 6 Units-of-activity For the declining balance method, Crane Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 32,000. Actual hours of use in the first 3 years were: 2021, 810; 2022, 6,400; and 2023, 7,900 Study Your answer is correct. Cola question part Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 44,000 56,248 30,220 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Assignment CES Compute the amount of accumulated depreciation on each machine at December 31, 2023. CALCULATOR MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 44,000 56,248 30,220 SHOW SOLUTION SHOW ANSWER dy LINK TO TEXT Attempts: 2 of 5 (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? 2021 2022 Depreciation Expense $ LINK TO TEXT Attempts: 0 of 5 used