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please help! department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning
please help!
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) Depreciation Method Machine Acquired Cost 1 Jan 1, 2020 $128,500 $18,500 10 2 11,300 5 July 1, 2021 Nov. 1, 2021 81,500 76,800 Straight-line Declining-balance Units-of-activity 3 6,800 7 For the declining-balance method, Cullumber Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 35.000. Actual hours of use in the first 3 years were: 2021, 670; 2022,3,600; and 2023,4,900, (a) Your answer is partially correct. Compute the amount of accumulated depreciation on eachi machine at December 31, 2023, MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 444000 S Step by Step Solution
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