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Current Attempt in Progress In recent years, Sandhill Co. has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant
Current Attempt in Progress 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 1 2 3 Acquired Jan. 1.2020 July 1, 2021 Nov. 1, 2021 Cost $137,000 96,000 69,000 Salvage Value $49,000 12.100 9.000 Useful Life (in years) 8 5 6 Depreciation Method Straight-line Declining balance Units-of-activity 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: 2021, 720; 2022,5,500; and 2023.7.200. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 2 MACHINE 1 MACHINE 3 $ Accumulated Depreciation at December $ 31 e Textbook and Media
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