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How do you get the accumulated depreciation for machine #2? 1.67 / 5 CUTOTURUCTUETTU wa In recent years, Carla Vista Co has purchased three machines.
How do you get the accumulated depreciation for machine #2?
1.67 / 5 CUTOTURUCTUETTU wa In recent years, Carla Vista 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 Salvage Value Acquired Useful Life (in years) Depreciation Method Cost Jan 1, 2020 $ 123.000 $ 43,000 Straight-line IN HA 2 July 1. 2021 76.000 10.700 Declining-balance 3 Nov. 1. 2021 76.800 6.800 6 Units-of-activity For the declining-balance method. Carla Vista Co. 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. 840: 2022, 3,700:and 2023. 4.900. Your answer is partially correct Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3Step by Step Solution
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