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can some one help me with this? Problem 9-8A (Part Level Submission) In recent years, Blossom Company has purchased three machines. Because of frequent employee
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Problem 9-8A (Part Level Submission) In recent years, Blossom Company 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 Useful Life (in years) 8 Salvage Value Depreciation Method Machine Cost Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 $120,000 70,000 66,100 $40,000 10,100 6,100 Straight-line Declining-balance Units-of-activity 6 For the declining-balance method, Blossom Company 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, 600; 2017, 3,500; and 2018, 4,700 Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 40000 Accumulated Depreciation at December 31 Click if you would like to Show Work for this question: Open Show Worlk Attempts: 0 of 3 usedStep by Step Solution
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