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In recent years, Sandhill Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of
In recent years, Sandhill Corporation 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
Value
Residual Useful Life
in years
Depreciation Method
Jan.
$
$
Straightline
July
Diminishingbalance
Nov.
Unitsofproduction
For the diminishingbalance method, Sandhill Corporation uses double the straightline rate. For the unitsofproduction method, total machine hours are expected to be Actual hours of use in the first years were:
; ; and
IF above doesnt make sense, there are other questions about this question, the bottom just hasnt been done. Still need the whole question done though.
Someone else "answered" this but just have me machine I NEED ALL MACHINES.
FIRST ONE WITH STRAIGHTLINE DEPRECIATION
SECOND ONE WITH DIMINISHINGBALANCE DEPRECIATION
THIRD ONE WITH UNITSOFPRODUCTION DEPRECIATION
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