HAD TO SCROLL LEFT ON THIS ANSWER, SCROLLED LEFT IS RIGHT BELOW

HAD TO SCROLL LEFT ON THIS ANSWER, SCROLLED LEFT IS RIGHT BELOW

In recent years, Ivanhoe Corporation 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 Residual Value $11,000 Acquired Jan. 1.2022 July 1, 2023 Useful Life (in years) 5 1 $92,500 Depreciation Method Straight-line Diminishing-balance Units-of-production 2 86,250 10,400 5 3 Nov. 1, 2023 60,228 6,420 6 For the diminishing-balance method, Ivanhoe Corporation uses double the straight-line rate. For the units-of-production method. total machine hours are expected to be 22.420. Actual hours of use in the first 3 years were: 2023, 360:2024.4.050; and 2025.5.010. Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting (Round depreciation per unit to 2 decimal places, eg. 5.20 and answers to the nearest whole dollar, eg. 5,275. Do not leave any answer field blank. Enter for amounts.) Machine 1: Straight-line depreciation Calculation Depreciation Depreciable Cost #of months Depreciation Expense Year Rate 2022 $ 81500 %6 12/12 $ 16300 $ 2023 70500 % 12/12 14100 2024 %6 Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. (Round depreciation per unit to 2 decimal places, eg, 5.20 and answers to the nearest whole dollar, eg. 5,275. Do not leave any answer field blank. Enter for amounts.) Machine 1: Straight-line depreciation End of Year ulation eciation late #of months Depreciation Expense Accumulated Depreciation Carrying Amount 96 12/12 V $ 16300 $ 65200 $ %6 12/12 14100 % 96 Machine 2: Diminishing-balance depreciation Calculation Carrying Amount Beg. of Year Depreciation Rate # of months Depreciation Expense Year 2023 $ %6 $ $ $ > 2024 %6 2025 %6 2026 96 2027 %6 Machine 3: Units-of-production depreciation Calculation En Units-of- Production Depreciation Cost/Unit Depreciation Expense Year Accumulated Depreciation 2023 $ $ $ 2024 2025 Question Part Score If Machine 2 was purchased on October 1 instead of July 1, what would be the depreciation expense for this machine in 2023? In 20242 Depreciation expense in 2023 $ Depreciation expense in 2024 $ Machine 2: Diminishing-balance depreciation End of Year Calculation eciation late # of months Depreciation Expense Accumulated Depreciation Carrying Amount %6 $ $ $ % 3/12 6/12 9/12 12/12 % %6 %6 Machine 3: Units-of-production depreciation End of Year Calculation Depreciation Cost/Unit Depreciation Expense Accumulated Depreciation Carrying Amount $ $ $ $ $