Instructions

Analyze the foregoing tranactions using the following column headings. Insert the number

of each transaction in the Item space, and insert the amounts in the appropriate columns. For

amounts entered in the Other Accounts column, also indicate the account title.

Item Land Buildings Other Accounts

P$10-2$B In recent years, Kannada Company purchased three machines. Because of heavy turn

over in the accounting department, a different accountant was in charge of selecting the depre

ciation method for each machine, and each selected a different method. Information concerning

the machines is summarized below.

Salvage Useful Life Depreciation

Machine Acquired Cost Value in Years Method

$11/1/09$ $$105,000$ $ $5,00010$ Straight$-$line

$21/1/10150,00010,0008$ Declining$-$balance

$311/1/12100,00015,0006$ Units$-$of$-$activity

Totals

Land $$118,500$

Buildings $$528,000$

Compute depreciation under

different methods