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In recent years, Crane 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, Crane 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. Salvage Useful Life Depreciation Machine Acquired Cost Value (In years) Method 1 Jan 1, 2015 $121,500 $11,500 10 Straight-line 2 July 1, 2016 71.000 12.000 5 Declining balance 3 Nov. 1, 2016 68.100 8.100 6 Units-of-activity For the declining balance method, Crane 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: 2016. 710, 2017, 5.900, and 2018. 7.300. Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 e Textbook and Media If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2016? In 2017? 2016 2017 Depreciation Expense e Textbook and Media

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