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

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Accounting

In recent years, Tamarisk 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.

Machine

Acquired

Cost

Salvage Value

Useful Life (in years)

Depreciation Method

1

Jan. 1, 2020

 $ 97,200 $ 13,000 8 Straight-line

2

July 1, 2021

 89,500 10,000 5 Declining-balance

3

Nov. 1, 2021

 86,000 8,000 6 Units-of-activity

For the declining-balance method, Tamarisk Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 39,000. Actual hours of use in the first 3 years were 2021, 700; 2022, 4,300; and 2023, 7,400.

Question: 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?

(1) 2021

(2) 2022

Depreciation expense

 $ enter depreciation expense in dollars $ enter depreciation expense in dollars

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