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please help me with part B instagram. Current Attempt in Progress In recent years, Ivanhoe Corporation has purchased three machines. Because of frequent employee turnover
please help me with part B instagram.
Current Attempt in Progress In recent years, Ivanhoe Corporation has purchased three machines. Because of frequent employee turnover in theaccounting 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, Ivanhoe Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 26,330. Actual hours of use in the first 3 years were: 2019,410;2020,4,470; and 2021,5.220. If Machine 2 was purchased on October 1 instead of July 1 , what would be the depreciation expense for this machine in 2019 ? In 2020? Depreciation expense in 2019 Depreciation expense in 2020 Machine 3: Units-of-production depreciation Machine 2: Diminishing-balance depreciation Step by Step Solution
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