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In recent years, Oriol Company has purchand three machines. Because of frequent compayee tumor in the secounting department, a different accountant was in charge of
In recent years, Oriol Company has purchand three machines. Because of frequent compayee tumor in the secounting department, a different accountant was in charge of seleng the degradation method for each machine and various methods have been used information concerning the machines bommarized in the table below. Cost Salvage Value Machine 1 Useful Life In years! 8 $12.500 Acquired Jan. 1.2020 July 1, 2021 Nov. 1. 2021 $ 95.300 87,500 24.900 2 3 Depreciation Method Straight line Decliningberce Lita-cf-activity 11.000 8.500 6 For the declining balance method, Orole Company as the double-decliningrata. For the unior-eceky method total mechine hours are expected to be 42.000. Actual hours of use in the first years were 2021, 900 2022. 4700 and 2022. 7.800 For Bus 3, calculas depreciable cost per mile under units-of-selvity method. Depredeblecoat $ Der Textbook and Media Compute the amount of accumules depredalon on each machine December 31, 2023. Accumulated depreciation MACHINE $ MACHINE 2 $ MACHINE 3 5 Textbook and Media Ifmachine was purchased on April 1 natead of July 1 What would be the depreciation for this machine in 2021 in 20229 (1) 2021 (2) 2022 Deprecationen 3 Textbook and Media
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