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In recent years, Cullumber Company has purchased three machines. Because of frequent employee turnover in...

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Accounting

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In recent years, Cullumber 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. Salvage Value Depreciation Method Machine Acquired Useful Life (in years) Cost 1 Jan. 1. 2020 $132.000 $32.000 10 Straight-line 2 July 1, 2021 72,000 11,400 5 Declining balance 3 Nov. 1, 2021 79.000 9.000 7 Units-of-activity For the declining-balance method, Cullumber Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 35,000. Actual hours of use in the first 3 years were: 2021,620; 2022.5,000, and 2023,6,200. If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? 2021 2022 Depreciation Expense $

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