Question: find the depreciation for each machine using the method stated for each please In recent years, Larkspur Company has purchased three machines. Because of frequent
In recent years, Larkspur 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. Machine Cost Useful Life (in years) Salvage Value $ 13,000 Acquired Jan. 1.2020 1 $ 99,800 8 Depreciation Method Straight-line Declining balance Units-of-activity 2 July 1, 2021 92.000 11,000 5 3 Nov. 1. 2021 104,000 8,000 6 For the declining-balance method, Larkspur 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, 600; 2022. 4,700; and 2023, 6,700
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