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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
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.
tableMachineAcquired,Cost,tableSalvageValuetableUseful Lifein yearstableDepreciationMethodJan. $$StraightlineJuly DecliningbalanceNov. Unitsofactivity
For the decliningbalance method, Blossom Company uses the doubledeclining rate. For the unitsofactivity method, total machine hours are expected to be Actual hours of use in the first years were: ; ; and
a
Compute the amount of accumulated depreciation on each machine at December
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