edugen.wileyplus.com C + Return to Blackboard WileyPLUS Kimmel, Accounting, 7e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT Problem 9-08A (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. Salvage Useful Life Depreciation Machine Acquired Cost Value (in years) Method Jan. 1, 2020 $126,500 $46,500 8 Straight-line N July 1, 2021 33,000 10,600 Declining-balance 3 Nov. 1, 2021 70,900 6,900 Units-of-ac 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 32,000. Actual hours of use in the first 3 years were: 2021, 640; 2022, 4,600; and 2023, 6,400. (a) Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 40000 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION Attempts: 0 of 1 used