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In recent years, Oriole 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, Oriole 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. Depreciation Useful Life (in years) Machine Salvage Acquired Cost Value Jan 1, 2015 $129,000 $41,000 July 1, 2016 76,000 11,600 Nov. 1, 2016 66,100 6,100 2 5 7 Straight-line Declining-balance Units-of-activity 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. Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 2 MACHINE 3 MACHINE 1 . 44000 Accumulated Depreciation at December 31 $ $ 54112 27020 e Textbook and Media If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2016? in 2017? 2016 2012 Depreciation Expense $

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