b

Question List Question 1 Question M Question 4 of 7 2/6 E View Policies Show Attempt History Current Attempt in Progress In recent years, Monty Company has purchased three machines. Because of frequent employne turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine and various methods we been used information concerning the machines is smarted in the table below Salvage Useful Life Depreciation Machine Acquired Cost Value in years) Method 1 Jan 1, 2020 598,600 515,000 8 Straight-line 2 July 1, 2021 90,500 10.500 5 Declining balance 3 Nov 1.2021 77,500 7.500 6 Units of activity Questions Viewing Question 4 Questions Question For the declining balance method. Monty Company uses the double-declining rate. For the units of activity method total machine hours are expected to be 35,000. Actual hours of use in the first 3 years were 2021.900:2022. 5.000, and 2023.7000 Question 7 YUCOLULUI 2/6 (a2) Compute the amount of accumulated depreciation on each machine at December 31, 2023, Accumulated depreciation MACHINE 1 $ MACHINE 2 $ MACHINE 3 $ Assistance Used e Textbook and Media eTextbook Attempts: 0 of 3 used Submit Answer Save for Later