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.

Machine	Acquired	Cost	Salvage Value	Useful Life (in years)	Depreciation Method
1	Jan. 1, 2012	$96,000	$12,000	8	Straight-line
2	July 1, 2013	85,000	10,000	5	Declining-balance
3	Nov. 1, 2013	66,000	6,000	6	Units-of-activity

For the declining-balance method, Farr Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be30,000. Actual hours of use in the first 3 years were: 2013,800; 2014,4,500; and 2015,6,000.

(a) Compute the amount of accumulated depreciation on each machine at December 31, 2015.

MACHINE 1	MACHINE 2	MACHINE 3
Accumulated Depreciation at December 31	$ 42000	$	$ 12000

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. Machine 1 2 3 Acquired Jan. 1, 2012 July 1, 2013 Nov. 1, 2013 Cost $96,000 85,000 66,000 Salvage Value $12,000 10,000 6,000 Useful Life (in years) 8 5 6 Depreciation Method Straight-line Declining-balance Units-of-activity For the declining-balance method, Farr Company uses the double-declining rate. For the units-ofactivity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2013, 800; 2014, 4,500; and 2015, 6,000. Don't show me this message again for the assignment (a) Your answer is partially correct. Try again. Compute the amount of accumulated depreciation on each machine at December 31, 2015. Accumulated Depreciation at December 31 MACHINE 1 $ 42000 MACHINE 2 $ MACHINE 3 $ 12000