In recent years, Farr 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.

6/25/2016 Problem 97A Print by: FALICIA NEWSOME ACC/291 50155874 / Assignment: Week 3 Assignment *Problem 97A In recent years, Farr 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. Useful Life (in years) Depreciation Method $31,200 9 Straightline 99,000 11,200 5 Decliningbalance 95,190 8,390 6 Unitsofactivity Machine Acquired 1 Jan. 1, 2012 $123,000 2 July 1, 2013 3 Nov. 1, 2013 Salvage Value Cost For the decliningbalance method, Farr Company uses the doubledeclining rate. For the unitsofactivity method, total machine hours are expected to be 31,000. Actual hours of use in the first 3 years were: 2013, 670 2014, 4,040 and 2015, 5,680. Compute the amount of accumulated depreciation on each machine at December 31, 2015. MACHINE 1 Accumulated Depreciation at December 31 MACHINE 2 $ MACHINE 3 $ $ If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2013? In 2014? 2013 Depreciation Expense $ 2014 $ Question Attempts: 0 of 3 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 1/1