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In recent years, Farr Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in ch depreciation
In recent years, Farr Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in ch depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Salvage seful Life Depreciation Jan. 1, 2012 $133,000 $35,800 Straight-line July 1, 2013 79,000 11,800 Declining-balance 86,800 Nov. 1, 2013 6,800 Units of activity For the declining-balance method, Fa Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 32,000. A first 3 years were: 2013, 650 2014, 5,950; and 2015, 7,510. *(a) Your answer is correct. Compute the amount of accumulated depreciation on each machine at December 31, 2015. ACHINE MACHINE MACHINE 2 3 Accumulated Depreciation at December 31 303200 $36248 35275 *(b) EX Your answer is incorrect. Try again. 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? Depreciation Expense ESS600
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