View Policies Current Attempt in Progress In recent years, Crane 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. Depreciation Method Machine Useful Life (in years) 10 1 Acquired Jan. 1, 2015 July 1, 2016 Nov. 1, 2016 Salvage Value $30,500 10,100 9,100 Cost $130,500 88,000 76,100 2 5 6 Straight-line Declining-balance Units-of-activity 3 For the declining-balance method, Crane Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 33,500. Actual hours of use in the first 3 years were: 2016,660; 2017,5,700; and 2018, 7,300. Compute the amount of accumulated depreciation on each machine at December 31, 2018. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ $ $ $ e Textbook 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 $ $ $