question 3

0/1 1! Question 3 of 7 View Policies Show Attempt History Current Attempt in Progress In recent years, Carla Vista Co. 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 Machine Acquired Cost 1 $123,000 8 Jan. 1. 2015 $43,000 2 July 1, 2016 76,000 5 10,700 Straight-line Declining balance Units-of-activity 3 3 6 76,800 Nov. 1, 2016 6,800 For the declining balance method, Carla Vista Co 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, 840; 2017, 3,700; and 2018, 4.900 Your answer is incorrect Compute the amount of accumulated depreciation on each machine at December 31, 2018. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 071 = E Question 3 of 7 EUR V Accumulated Depreciation at December 31 $ $ e Textbook and Media Your answer is incorrect. 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 $ e Textbook and Media