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In recent years, Wildhorse Co. 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 Cost $120,000 Useful Life (in years) 8 1 Salvage Value $40,000 10,700 8,400 Acquired Jan. 1, 2020 July 1, 2021 Nov. 1, 2021 Depreciation Method Straight-line Declining-balance Units-of-activity 2 90,000 5 3 70,400 7 For the declining-balance method, Wildhorse Co. uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 31,000. Actual hours of use in the first 3 years were: 2021, 740; 2022, 6,500; and 2023, 7,900. v (a) Your answer is correct. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 40000 64080 30280 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 5 used (b) X Your answer is incorrect. Try again. 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 X Depreciation Expense 12000 49200

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