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 33,500 Actual hours of use in the first 3 years were 2021, 660 2022, 5,700 and 2023, 7,300 New attempt is in progress Some of the new entries may impact the last attempt grading Your answer is incorrect Compute the amount of accumulated depreciation on each machine at December 31, 2023 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $enter a dollar amount $enter a dollar amount $enter a dollar amount eTextbook and Media Incorrect answer iconYour answer is incorrect 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 $enter a dollar amount $enter a dollar amount eTextbook and Media

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Question: 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 33,500. Actual hours of

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 33,500. Actual hours of use in the first 3 years were: 2021, 660; 2022, 5,700; and 2023, 7,300.

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.

Compute the amount of accumulated depreciation on each machine at December 31, 2023.

		MACHINE 1		MACHINE 2		MACHINE 3
Accumulated Depreciation at December 31		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

eTextbook and Media

Incorrect answer iconYour answer is incorrect.

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		$enter a dollar amount		$enter a dollar amount

eTextbook and Media

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