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In recent year. America Company purchased three machines. Because of heavy turnover in the accounting department, a different accountant was in charge of selecting the
In recent year. America Company purchased three machines. Because of heavy turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and each selected a different method. Information concerning the machines is summarized below. For the decline-balance method, the company uses the double-declining rate. For the units-of activity method, total machine hours are expected to tx in the first 3 years were. 2016.1,000; 2017.4.500; and 2018. 5.500. (a) Compute the amount of accumulated depreciation on each machine at December 31. 2016. (b) Prepare the journal entry to record Depreciation expense of 2016
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