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

In recent years, Wildhorse 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 beenused. Information concerning the machines is summarized in the table below.
\table[[,Acquired,Cost,\table[[Residual],[Value]],\table[[Useful Life],[(in years)]],Depreciation Method],[1,Jan. 1,2025,$103,900,$13,200,5,Straight-line],[2,July 1,2026,83,750,10,010,5,Diminishing-balance],[3,Nov. 1,2026,70,587,6,570,6,Units-of-production]]
For the diminishing-balance method, Wildhorse Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 23,710. Actual hours of use in the first 3 years were: 2026,370;2027,4,130; and 2028,4,700.
Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. (Round depreciation per unit to 2 decimal places, eg.5.20 and answers to the nearest whole dollar, eg.5,275. Do not leave any answer field blank. Enter 0 for amounts.)
Machine 1: Straight-line depreciation
Machine 2. Diminishing-balance depreciation.
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