Question
Question 1 of 1 View Policies Current Attempt in Progress -/20 in recent years. Sheridan Company has purchased three machines. Because of frequent employee
Question 1 of 1 View Policies Current Attempt in Progress -/20 in recent years. Sheridan 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 Acquired Cost Salvage Value Useful Life (in years) Depreciation Method I Jan. 1.2020 $133,000 $45,000 B Straight-line 21 July 1, 2021 86.500 10.500 5 Declining balance Nov1.2021 08.200 8.200 6 Units-of-activity For the declining balance method. Sheridan Company uses the double ceclining rate. For the ass-of-activity method, sutal machine hours arexpected to be 30.000 Actial hours of use in the first 3 years were 2021/620 2022 5300 und 2003 6.900 Type mere to search 0 MY
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