Question 6 of 6 -/15 View Policies Current Attempt in Progress In recent years, Wildhorse 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 Useful Life Depreciation Machine Acquired Cost Value (in years) Method 1 Jan 1, 2015 $120.000 $40.000 8 Straight-line 2 July 1, 2016 90,000 10.700 5 Declining-balance 3 Nov. 1, 2016 70,400 8,400 7 Units-of-activity For the declining-balance method, Wildhorse Co. uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 31,000. Actual hours of use in the first 3 years were: 2016, 740;2017, 6,500; and 2018,7,900. Compute the amount of accumulated depreciation on each machine at December 31, 2018. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ $ $ eTextbook and Media 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