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In recent years, Blossom Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of
In recent years, Blossom Corporation 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 diminishingbalance method, Blossom Corporation uses double the straightline rate. For the unitsofproduction method,
total machine hours are expected to be Actual hours of use in the first years were: ; ; and
Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. Round
depreciation per unit to decimal places, eg and answers to the nearest whole dollar, eg Do not leave any answer field blank.
Enter for amounts.
Machine : Straightline depreciation
Machine : Diminishingbalance depreciation
Machine : Unitsofproduction depreciation
If Machine was purchased on October instead of July what would be the depreciation expense for this machine in In
Depreciation expense in $
Depreciation expense in $
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