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answer it all correctly and i will give a thumbs up! make sure to have the correct answer for all the blanks ! In recent
answer it all correctly and i will give a thumbs up! make sure to have the correct answer for all the blanks !
In recent years, Sandhill 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 Acquired Useful Life (in years) Salvage Value $49,000 12,100 1 Jan. 1. 2015 Cost $137.000 96,000 69,000 8 Depreciation Method Straight-line Declining balance Units-of-activity 2 July 1, 2016 5 3 Nov. 1, 2016 9,000 6 For the declining balance method, Sandhill Co. uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2016, 720; 2017,5,500; and 2018, 7.200. Compute the amount of accumulated depreciation on each maciine at December 31, 2018 MACHINE 2 MACHINE 1 MACHINE 3 $ Accumulated Depreciation at December 31 If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2016? In 2017 2016 2017 Depreciation Expense
answer it all correctly and i will give a thumbs up! make sure to have the correct answer for all the blanks !
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