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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

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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. Machine Salvage Value Useful Life (in years) 1 $40,000 8 Acquired Jan. 1.2020 July 1, 2021 Nov. 1, 2021 Cost $120,000 70,000 66,100 Depreciation Method Straight-line Declining balance Units-of-activity 2 5 10,100 6.100 3 6 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 30,000. Actual hours of use in the first 3 years were: 2021,600,2022.3.500; and 2023,4,700, Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 40,000 49.840 $ 17,600 (b) If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 20222 2021 2022 Depreciation Expense $ $

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