Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2012...
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Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2012 $124,000 $40,000 8 Straight-line 2 July 1, 2013 75,000 11,900 5 Declining-balance 3 Nov. 1, 2013 91,390 6,390 7 Units-of-activity For the declining-balance method, Farr Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,000. Actual hours of use in the first 3 years were: 2013, 710; 2014, 5,760; and 2015, 7,330. Collapse question part (a) Compute the amount of accumulated depreciation on each machine at December 31, 2015. B. If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2013? In 2014?
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