Question: part B CALCLATOR PRINTER VERSBON BACK Question 3 In recent years, Sunland Company has purchased three machines. Because of frequent employee turnover in the accounting
CALCLATOR PRINTER VERSBON BACK Question 3 In recent years, Sunland 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. Infoemation concerning the machines is summarized in the table below. Salvage Value Useful Life (in years) Depreciation Machine Acquired Cost Methed Jan. 1, 2015 $129,500 Straight-Ine $41,500 July 1, 2016 85.500 10,700 Declining balance Nov. 1, 2016 3 76,800 7,800 7 Units-of-activity For the declining-balance method, Sunland Companyy uses the double-decining rate. For the units-of-activity method, total machine hours are expected to be 34,500. Actual hours of use in the first 3 years were: 2016, 770; 2017, 5,700; and 2018, 7 400. (a) Your anseer is correct. Compute the amount of accuulated depreciation on each machine at December 31, 2018 HINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 44000 60076 27740 sHOW ANSWR SHOW SOLUTmon VDEO SIMLAR PROBLEN Attempts of s used v(b) machine 2 was purchased on Aprl 1 instead of July 1, what would be the depreciation expense for this machine in 20167 In 2017 2016 2017 Depreciation Eapense 204 P Type here to search 6/20/019
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
