Question: HELP ME PLEASE ASAP!! THANK YOU Current Attempt in Progress In recent years, Marigold Company has purchased three machines. Because of frequent employee turnover in
Current Attempt in Progress In recent years, Marigold 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. Useful Life (in years) Machine 1 2 Acquired Jan 1, 2020 July 1.2021 Nov. 1. 2021 8 Depreciation Method Straight-line Declining balance Salvage Cost Value 599.400 $14,000 91.500 10.500 62.500 8.500 5 3 6 Units of activity For the declinine-balance method, Marigold Company uses the double-declining rate: For the units-of-activity method, total machine hours are expected to be 27000. Actual hours of use in the first years were 2021, 700, 2022.4.200 and 2023.6.200 (21) For Bus #3, calculate depreciable cost per mile under units of activity method Depreciable costs permite e Textbook and Media
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