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In recent years. Cullumber 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. Cullumber 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, 2020 $134.000 $34,000 10 Straight-line July 1, 2021 81.000 11.100 5 Declining-balance Nov. 1, 2021 77.500 8,500 6 Units of activity 2 3 For the declining-balance method, Cullumber Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,500. Actual hours of use in the first 3 years were: 2021.730 2022.5.900; and 2023.7.600 Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 e Textbook and Media Save for Later Last saved 8 minutes ago Attempts: 1 of 5 used Submit

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