Question: CALCULATOR PRINTER VERStON BACK NEX Question 3 In recent years, Suniand Company has purchased three machines. Because of frequent employee turnover in the accounting department,

 CALCULATOR PRINTER VERStON BACK NEX Question 3 In recent years, Suniand

CALCULATOR PRINTER VERStON BACK NEX Question 3 In recent years, Suniand 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 hve been used. Iaformation concerning the machines is summarized in the table below Salvage Useful Life (in years) Depreciation Method Machine Acquired Cost Value $41,500 Jan. 1, 2015 1 $129,500 Straight-ine July 1, 2016 85,500 10,700 Declining-balance Nov. 1, 2016 3 76,800 7,800 Units-of-activity For the declining-balance method, Sunland Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,500. Actual hours of use in the first 3 years were: 2016, 770; 2017, 5,700; and 2018, 7,400. (a) Compute the amount of accumulated depreciation on each machine at December 31, 2018. MACHINE 2 MACHINE 1 MACHINE 3 Accumulated Depreciation at December 31 INK TO TEX AINK TO TERT VIDEO SIMILAR PROBLEM SAVE FOR LATER Attempts: 0 ofs used suaHIT ANSWER (b) The parts of this question must be cempleted in erder. This eert will be available when you complete the part above, 130 PM PR de 628/2019 n Type here to search

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