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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
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 select the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Salvage Value Useful Life (in years) Machine Acquired Cost Depreciation Method 10 Jan. 1. 2015 July 1, 2016 Nov. 1, 2016 $128.500 $18.500 1,50011,300 76,800 6,800 D Straight-line eclining balance Units of activity 7 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 35.000. Actual hours of use in the 3 years were: 2016, 670, 2017, 3.600 and 2018, 4, 900 Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ of machine 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 Expenses
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