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NEREN NET BACK Problem 9-OBA In recent years, Blossom Company has purchased three machines. Because of frequent employee turnover in the accounting department, afferent accountant
NEREN NET BACK Problem 9-OBA In recent years, Blossom Company has purchased three machines. Because of frequent employee turnover in the accounting department, afferent 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 Useful Life Machine Acquired Cost Depreciation Value (in years) Method Jan. 1, 2020 $126,500 $46,500 B Straight line 2 Juli, 2021 83,000 10.600 5 Declining balance 3 Nov. 1, 2021 70,900 6,900 7 Units of activity For the clining-balance method, Blossom Company uses the double-decliningrate. For the units of activity method, total machine hours are expected to be 32.000. Actuelnours of use in the first years werel 2021, 640; 2022,4,600; and 2023. 6,400 El your answer is correct Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 Accumulated Depreciation at December 31 40000 59096 23280 MACHINE 3 RCES CALCULATOR FULL SCREEN MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 40000 59096 232801 UNK TO TEXT dy your answer is partially correct. Try again. If machine 2 was purchased on April 1 Instead of july 1, what would be the depreciation expense for this machine in 2021? In 2022? 2021 2022 Depreciation Expense 24900 Click if you would like to Show Work for this question: Open Show Work
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