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*Problem 9-08A In recent years, Oriole Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in
*Problem 9-08A In recent years, Oriole 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. Machine Useful Life (in years) Acquired Jan. 1, 2020 July 1, 2021 Nov. 1, 2021 Cost $129,000 76,000 66,100 Salvage Value $41,000 11,600 6,100 Depreciation Method Straight-line Declining-balance Units-of-activity 5 For the declining-balance method, Oriole Company uses the double-dedining rate. For the units-of-activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2021, 610; 2022, 5,600; and 2023, 7,300. Your answer is correct. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 $44,000 $154,112 27,020 Accumulated Depreciation at December 31 x Your answer is incorrect. Try again. If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 20217 In 20227 Depreciation Expense
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