ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, recorded as follows" Cost $ 6,000 6,000 11,000 Salvage Value $1,000 1,000 1,000 Useful Life Machine No. 1 Machine No. 2 Machine No. 3 5 years 10 years 10 years What is total 20X1 depreciation for the 3 machines? $2,500 b. $2,900 a. $1,250 c. d. $5,000 37. DepCo uses the straight-line method. Assets purchased between the 1" and 15th are depreciated for the entire month: assets purchased after the 15th as though they were acquired the following month. On March 20, 20X1, DepCo purchases for $9,000 a printer that it expects to last for 5 years and to have a residual value of $2,000. What is 20X1 depreciation expense for the printer? $1,000 b. a. $800 $1,050 d. c. $250 38. DepCo uses the atraight-line method. Assets purchased between the 1" and 15h are depreciated for the entire month: assets purchased after the 15 as though they were acquired the following month. On March 20, 20X1, DepCo purchases for $9,000 a printer that it expects to last for 5 years and to have a residual value of $2.000, What is 20X2 depreciation expense for the printer? $1,400 b. a. $800 $750 d. $250 C. 1-H 39. DepCo uses the straight-line method. Assets purchased between the 14 and 15 are depreciated for the entire month: assets purchased after the 15th as though they were acquired the following month. On March 20, 20X1, DepCo purchases for $9,000 a printer that it expects to last for 5 years and have a residual value of $2,000. What is the balance in DepCo's Accumulated Depreciation account as of Dec. 31,20X3? $3,000 $3,850 a. b. $1,750 Insufficient information to calculate c. d. Page 7 of 13