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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

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

Acquired

Cost

Salvage Value

Useful Life (in years)

Depreciation Method

1

Jan. 1, 2020

$ 95,300 $ 13,500 8 Straight-line

2

July 1, 2021

87,500 11,000 5 Declining-balance

3

Nov. 1, 2021

94,500 8,500 6 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 43,000. Actual hours of use in the first 3 years were 2021, 500; 2022, 4,700; and 2023, 7,800.image text in transcribed

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. 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 43,000. Actual hours of use in the first 3 years were 2021,500;2022,4,700; and 2023,7,800. (a1) For Machine #3, calculate depreciable cost per hour under units-of-activity method

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