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PLEASE ANSWER ALL PORTIONS OF THE QUESTION AND I WILL LEAVE A LIKE! THANK YOU! In recent years, Wildhorse Co. has purchased three machines. Because
PLEASE ANSWER ALL PORTIONS OF THE QUESTION AND I WILL LEAVE A LIKE! THANK YOU!
In recent years, Wildhorse 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. For the declining-balance method, Wildhorse Co. uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,500 . Actual hours of use in the first 3 years were: 2016, 850; 2017, 6,200; and 2018, 7,900. Compute the amount of accumulated depreciation on each machine at December 31, 2018. If machine 2 was purchased on April 1 instead of July 1 , what would be the depreciation expense for this machine in 2016? In 2017Step by Step Solution
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