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

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Accounting

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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. Information concerning the machines is summarized in the table below. Depreciation Method Salvage Value Useful Life Machine Acquired (in years) Cost Jan. 1,2020 $125,000 $37,000 Straight-line July 1, 2021 77,000 10,600 Declining-balance 3. Nov. 1, 2021 77,100 8,100 Units-of-activity For the declining-balance method, Sunland Company uses the double-declining 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: 2021, 840; 2022, 3,800; and 2023, 5,500. (a) Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 24 eTextbook and Media

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