Question 4 In recent years, Oriole Company has purchased three machines. Because of frequent employee tumover 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 Useful Life Depreciation Machine Acquired Cost Value (in years) Method Jan. 1, 2015 $132,500 $52,500 Straight-line July 1, 2016 91,000 11,800 Declining balance Nov. 1, 2016 71,900 7,900 Units-of-activity For the declining-balance method, Oriole 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, 680; 2017, 6,400, and 2018, 7,600. Compute the amount of accumulated depreciation on each machine at December 31, 2018 MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 LINK TO TEXT LINK TO TEXT VIDEOSTHILAR PROBLEM If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2016? In 20177 2016 Depreciation Expenset LINK TO TEXT LINK TO TEXT VIDEO: STHTLAR