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

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In recent years, Swifty 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. Salvage Value Useful Life (in years) Depreciation Method Machine Acquired Cost 1 Jan. 1.2020 $ 99,500 $ 14,500 8 2 July 1, 2021 91,500 10,000 5 Straight-line Declining balance Units-of-activity 3 Nov. 1, 2021 86,000 8,000 6 For the declining balance method, Swifty Company uses the double declining rate. For the units of activity method, total machine hours are expected to be 26,000. Actual hours of use in the first 3 years were 2021, 600: 2022,4,100; and 2023, 6, 100. (a2) Compute the amount of accumulated depreciation on each machine at December 31, 2023. Accumulated depreciation MACHINE 1 $ MACHINE 2 $ MACHINE 3 $

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