Question: Use excel spreadsheet P 9 . 2 ( LO 2 ) , AP In recent years, Jayme Company has purchased three machines. Because of frequent
Use excel spreadsheet
PLO AP In recent years, Jayme 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.
tableMachineAcquired,Cost,Salvage Value,Useful Life in yearsDepreciation MethodJan. $$StraightlineJuly DecliningbalanceNov. Unitsofactivity
For the decliningbalance method, Jayme Company uses the doubledeclining rate. For the unitsofactivity method, total machine hours are expected to be Actual hours of use in the first years were ; ; and
Instructions
a Compute the amount of accumulated depreciation on each machine at December
b If machine was purchased on April instead of July what would be the depreciation expense for this machine in In
Compute depreciation under different methods.
a Machine $
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