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

In recent years, Pharoah 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 (a) 2 3 Acquired Jan. 1, 2023 July 1, 2024 Nov. 1, 2024 Cost Accumulated depreciation at ecember 31 $135,500 eTextbook and Media 81,500 77,600 Salvage Value $35,500 $ 10,200 7,600 Useful Life (in years) 10 MACHINE 1 5 For the declining-balance method, Pharoah Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 35,000. Actual hours of use in the first 3 years were: 2024, 710; 2025, 5,000; and 2026, 6,400. 6 Compute the amount of accumulated depreciation on each machine at December 31, 2026. Depreciation Method Straight-line $ Declining-balance Units-of-activity MACHINE 2 $ MACHINE 3
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In recent years, Pharoah 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, Pharoah Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 35,000 . Actual hours of use in the first 3 years were: 2024, 710; 2025, 5,000; and 2026, 6,400. (a) Compute the amount of accumulated depreciation on each machine at December 31, 2026

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