In recent years, Sunland 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		$ 95,800		$ 12,000		8		Straight-line
2		July 1, 2021		88,000		11,500		5		Declining-balance
3		Nov. 1, 2021		116,000		8,000		6		Units-of-activity

For the declining-balance method, Sunland Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 36,000. Actual hours of use in the first 3 years were 2021, 1,000; 2022, 4,000; and 2023, 7,100.

Your answer is correct.

For Machine #3, calculate depreciable cost per hour under units-of-activity method.

Depreciable cost

$ 3 depreciable cost per mile in dollars

per hour

(a2)

Compute the amount of accumulated depreciation on each machine at December 31, 2023.

		Accumulated depreciation
MACHINE 1		the amount of accumulated depreciation in dollars
MACHINE 2		the amount of accumulated depreciation in dollars
MACHINE 3		the amount of accumulated depreciation in dollars