Depreciation Method Assignment | Top Universities

Question 3 In recent years, Sunland 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 Salvage Useful Life (in years) Depreciation Method Machine Acquired Cost Value $41,500 Jan. 1, 2015 1 $129,500 Straight-ine

July 1, 2016, 85,500 10,700 Declining-balance Nov. 1, 2016, 3 76,800 7,800 Units-of-activity For the declining-balance method, Sunland Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,500. Actual hours of use in the first 3 years were: 2016, 770; 2017, 5,700; and 2018, 7,400. (a) Compute the amount of accumulated depreciation on each machine at December 31, 2018. MACHINE 2 MACHINE 1 MACHINE 3 Accumulated Depreciation at December 31 INK TO TEX LINK TO TERT VIDEO SIMILAR PROBLEM SAVE FOR LATER Attempts: 0 of used suaHIT ANSWER (b) The parts of this question must be completed in order. This expert will be available when you complete the part above. Get Accounting Homework Help Today.