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Problem 9-8A (Part Level Submission) In recent years, Blossom Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different
Problem 9-8A (Part Level Submission) In recent years, Blossom 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) Depreciation Method Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Machine Cost $126,500 83,000 70,900 $46,500 10,600 6,900 Straight-line Declining-balance Units-of-activity For the declining-balance method, Blossom Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 32,000. Actual hours of use in the first 3 years were: 2016, 640; 2017, 4,600; and 2018, 6,400 (a) Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31
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