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I need to find out the amount of the accumulated depreciation on all three machines, I found Machine (1) is $42,100 but can't figure out
I need to find out the amount of the accumulated depreciation on all three machines, I found Machine (1) is $42,100 but can't figure out 2 or 3. Please help!
In recent years, Wildhorse 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. For the declining-balance method, Wildhorse Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 41,000. Actual hours of use in the first 3 years were 2021, 900; 2022, 4,500; and 2023, 7,600Step by Step Solution
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