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In recent years, Whispering Winds Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge
In recent years, Whispering Winds 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 Acquired Useful Life (in years) Machine Cost 1 Jan. 1. 2020 $ 96,400 $14.000 8 Depreciation Method Straight-line Declining-balance Units-of-activity 2 88,500 10.500 5 July 1, 2021 Nov. 1. 2021 3 110.500 8.500 6 For the declining-balance method, Whispering Winds Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,000. Actual hours of use in the first 3 years were 2021,800, 2022.4.900 and 2023, 6.900 fa 1) Your answer is correct For Machine 3, calculate depreciable cost per hour under units-of-activity method Depreciable cost S 3 per hour 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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