for C, why do i multiply by 9/12?

why 9/12?

Allocate the 2-minion purense price to the land, butane and improvements. Also expm ny s antion processer AP8-3A (Basket purchase and depreciation) On March 30, 2020, FineTouch Corporation purchased two machines at auction for a combined total cost of $430,000. The machines were listeel in the auction catalogue at $110,000 for machine X and $155.000 for machine Y. Immediately after the auction, Fine Touch bad the machines professionally appraised so it could increase its insurance coverage. The appraisal put a fair value of $105.000 on machine X and $100.000 on machine Y On March 24, FineTouch paid a total of $4,500 in transportation and installation charges for the two machines. No further expenditures were made for machine X, but $6,500 was paid on March 29 for improvements to machine Y. On March 31, 2020, both machines were ready to le used. The company expects machine X to last five years and to have a residual value of $3,800 when it is removed from service, and it expects machine Y to be useful for eight more years and have a residual value of $14,600 at that time. Due to the different characteristics of the two machines, different depreciation methods will be used for them: machine X will be depreciated using the double-diminishing-balance method and machine Y using the straight-line method. Required Prepare the journal entries to record the transactions listed below. (Round to the nearest whole percentage.) a. The purchase of the machines, indicating the initial cost of each b. The transportation, installation, and improvement costs for each machine e. The depreciation expense to December 31, 2020, for each machine AP8-14 (Calculation of depreciation; three methods) On January 1, 2020, Sugar Bear Company acquired equipment costing $150,000, which will be depreciated on the assumption that the equipment UUSI! 6,500 C. Machine X depreciation: Double-diminishing-balance rate = (1/5) x 2 = 40 or 40% ($93,456 + $1.782) x 40% x 9/12 = $28,571 Machine Y depreciation: [($ 142,544 + $2,718 + $6,500) $14,600] + 8 x 9/12 = $12,859 Dec. 31 focus