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. Machine 1 2 3 Acquired Jan. 1, 2023 July 1, 2024 Nov. 1, 2024 Cost $129,000 76,000 66,100 Salvage Value $41,000 11,600 6,100 Useful Life (in years) 8 5 7 Depreciation Method 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: 2024, 610; 2025, 5,600; and 2026, 7,300.

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 conceming the machines is summarized in the table below. For the declining-balance method, Oriole Compary 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: 2024,610,2025,5,600, and 2026, 7,300. 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 conceming the machines is summarized in the table below. For the declining-balance method, Oriole Compary 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: 2024,610,2025,5,600, and 2026, 7,300