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In recent years, Jayme 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, Jayme 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 Salvage Value Useful Life in years) Cost Depreciation Method 1 Jan. 1.2020 $ 96,000 $ 12,000 8 Straight-line 2 July 1, 2021 85.000 10,000 5 3 Nov. 1, 2021 Declining-balance Units-of-activity 66.000 6,000 6 For the declining-balance method, Jayme Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were 2021. 800; 2022. 4,500; and 2023. 6,000 (a) X Your answer is incorrect Comitathankomadinanmachine December (a) a * Your answer is incorrect. Compute the amount of accumulated depreciation on each machine at December 31, 2023, MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 10500 $ 17000 $ Savefor Later Attempts: 1 of 5 used Submit Answer (b)

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