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Question 4) in recent years, Dobbs Company has purchased three machines. Because of a bad employee named Wares in the accounting department, a different accountant
Question 4) in recent years, Dobbs Company has purchased three machines. Because of a bad employee named Wares in the accounting department, a different accountant was hired to take charge of selecting the depreciation method for each machine. Information concerning the machines is summarized in the table below. Machine Salvage Value(in years) S12,000 $10,000 S 6,000 Acquired Cost Useful Life Depreciation method Straight-line Jan. 1, 2017 Oct. 1, 2018 Nov. 1, 2018 $96,000 $80,000 S66,000 12 5 Double-Declining Balance 6 Units-of-Activity For the units-of-activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 ears were: 2018, 800; 2019, 4,100; and 2020, 7,000. nstructions: A) Compute the amount of accumulated depreciation on each machine at December 31, 2020. B) If machine 2 was purchased on April 1 instead of October 1, what would be the depreciation expense for this machine in 2018? In 2019
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