Problem 9-8A In recent years, Cullumber 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 Salvage Value Useful Life (in years) 10 Depreciation Method Machine Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Cost $128,500 81,500 76,800 $18,500 11,300 6,800 Straight-line Declining-balance Units-of-activity 2 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: 2016, 670; 2017, 3,600; and 2018, 4,900 Your answer is incorrect. Try again Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 3.1 33000 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM 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 2016? In 2017? 2016 2017 Depreciation Expense Click if you would like to Show Work for this