Question: Current Attempt in Progress In recent years, Sandhill Co. has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant

 Current Attempt in Progress In recent years, Sandhill Co. has purchased
three machines. Because of frequent employee turnover in the accounting department, a

Current Attempt in Progress In recent years, Sandhill Co. 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 Depreciation Machine Acquired Cost Value (in years) Method 1 Jan 1, 2020 $140,000 $40,000 10 Straight-line 2 July 1, 2021 87.000 11.100 5 Declining-balance Nov. 1, 2021 72,100 8.100 6 Units-of-activity For the declining-balance method, Sandhill Co. 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: 2021,780; 2022,5.400; and 2023,6,900. (a) Your Answer Correct Answer (Used) Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 40.000 VA 61.944 $ 26,160 4. (b) If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this 20222 hine in 2021? In 2021 2022 Depreciation Expense $ $ eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer --10 Question Part Score MacBook Pro G Search or type URL & C $ 0 3 8 5 4 7 6 E R T Y U

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