NEXT ASSIGNMENT RESOURCES Problem 9-8A (Part Level Submission) In recent years, Ivanhoe 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 Problem 9-2A (Part Level Submission) Problem 9-8A (Pa el Submissi Salvage Value Useful Life (in years) 10 Depreciation Method Machine Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Cost $128,500 85,500 76,000 $18,500 10,500 8,000 Straight-line Declining-balance Units-of-activity Review R Objective For the declining-balance method, Ivanhoe Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,000. Actual hours of use in the first 3 years were: 2016, 740; 2017, 4,300; and 2018, 6,100. Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 s SHOW ANSWER Link 1 Attempts: 0 of 2 used