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is someone can help me with this question? Problem 9-8A (Part Level Submission) In recent years, Carla Vista Co. has purchased three machines. Because of
is someone can help me with this question?
Problem 9-8A (Part Level Submission) In recent years, Carla Vista Co. 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) 10 Depreciation Method Machine Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Cost $139,000 96,500 81,100 $29,000 11,800 9,100 Straight-line Declining-balance Units-of-activity 2 6 For the declining-balance method, Carla Vista Co. 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: 2016, 870; 2017, 4,300; and 2018, 5,500 Your answer is correct. Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 44000 68708 21340 If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2016? In 2017? 2016 2017 Depreciation Expense Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 usedStep by Step Solution
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