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My question is: In recent years, Sunland Corporation has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was
My question is:
In recent years, Sunland 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 been used. Information concerning the machines is summarized in the table below. For the diminishing-balance method, Sunland Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 25,930 . Actual hours of use in the first 3 years were: 2023,420;2024,4,910; and 2025,4,740. \begin{tabular}{|r|r|r|r|r|r|r|} \hline \multicolumn{3}{|c|}{ Calculation } & \multicolumn{2}{|c|}{ End of year } \\ \hline Year & Depreciable cost & Depreciationrate & #ofmonth & Depreciationexpense & AccumulatedDepreciation & CarryingAmount \\ \hline 2022 & $76,000 & 20% & 12 & $15,200 & $15,200 & $71,700 \\ \hline 2023 & $76,000 & 20% & 12 & $15,200 & $30,400 & $56,500 \\ \hline 2024 & $76,000 & 20% & 12 & $15,200 & $45,600 & $41,300 \\ \hline 2025 & $76,000 & 20% & 12 & $15,200 & $60,800 & $26,100 \\ \hline 2026 & $76,000 & 20% & 12 & $15,200 & $76,000 & $10,900 \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|r|r|} \hline \multicolumn{3}{|c|}{ Calculation } & \multicolumn{3}{c|}{ End of year } \\ \hline \multicolumn{1}{|c|}{ Year } & Carryingamountbegofyear & Depreciationrate & #ofmonth & Depreciationexpense & AccumulatedDepreciation & CarryingAmount \\ \hline 2023 & $77,500 & 40% & 6 & $15,500 & $15,500 & $62,000 \\ \hline 2024 & $62,000 & 40% & 12 & $24,800 & $40,300 & $37,200 \\ \hline 2025 & $37,200 & 40% & 12 & $14,880 & $55,180 & $22,320 \\ \hline 2026 & $22,320 & 40% & 12 & $8,928 & $64,108 & $13,392 \\ \hline 2027 & $13,392 & 40% & 12 & $3,432 & $67,540 & $9,960 \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|r|} \hline \multicolumn{3}{|c|}{ Calculation } & \multicolumn{2}{c|}{ End of year } \\ \hline Year & Units-of-production & Depreciationcost/unit & Depreciationexpense & AccumulatedDepreciation & CarryingAmount \\ \hline 2023 & 420 & $2.40 & $1,008 & $1,008 & $66,784 \\ \hline 2024 & 4,910 & $2.40 & $11,784 & $12,792 & $55,000 \\ \hline 2025 & 4,740 & $2.40 & $11,376 & $24,168 & $43,624 \\ \hline \end{tabular} If Machine 2 was purchased on October 1 instead of July 1 , what would be the depreciation expense for this machine in 2023 ? In 2024 ? Depreciation expense in 2023 \$ Depreciation expense in 2024$
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