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Please answer the following question, I'll be sure to rate if the questions correct. Thank You! In recent years, Sunland Company has purchased three machines.
Please answer the following question, I'll be sure to rate if the questions correct. Thank You!
In recent years, Sunland Company 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, Sunland Company 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, 770; 2017, 5, 700; and 2018, 7, 400. Compute the amount of accumulated depreciation on each machine at December 31, 2018Step by Step Solution
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