Do the acummulated depreciation on each machine inpany has purchased three machines....
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Accounting
Do the acummulated depreciation on each machine
inpany 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 1 2 Acquired Jan 1, 2020 July 1, 2021 Nov. 1, 2021 Cost $ 99,100 91.000 127,500 Salvage Value $ 14,500 10,500 7.500 Useful Life (in years) 8 5 Depreciation Method Straight-line Declining balance Units-of-activity 6 For the declining-balance method, Sheffield Company uses the double-declining rate. For the units-of-activity method total machine hours are expected to be 40,000. Actual hours of use in the first 3 years were 2021,800; 2022,4,400; and 2023.7.500. (a1) Your answer is correct For Bus #3, calculate depreciable cost per mile under units-of-activity method, A Depreciable cost $ per mile Q Compute the amount of accumulated depreciation on each machine at December 31, 2023. Accumulated depreciation MACHINE 1 $ MACHINE 2 $ MACHINE 3 $
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