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In recent years, Oriole Company has purchased three machines. Because of frequent employee turnover in the counting department, a different accountant was in charge of

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In recent years, Oriole Company has purchased three machines. Because of frequent employee turnover in the counting department, a different accountant was in charge of selecting the depreciation method for each machine and various methods are been used. Information concerning the machines is summarized in the table below. Machine Cost $129,000 Useful Life Un years) 8 1 Salvage Value $41.000 11,600 Acquired Jan 1, 2015 July 1, 2016 Nov. 1. 2016 Depreciation Method Straight-line Declining-balance Units of activity 2 76.000 5 3 66,100 6,100 7 For the declining-balance method, Oriole 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: 2016,610-2017.5.600 and 2018. 7.300 Your answer is correct Compute the amount of accumulated depreciation on each machine at December 31, 2018. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 4000 $ SAS eTextbook and Media * Your answer is incorrect. If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2018? 2017 2016 2017 Depreciation Expense $

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