kk.Subject :- Accounting In recent years. Windsor Company has purchased three machines. Because of frequent employee turnover in the accountingdepartment, a different accountant was in charge of selecting the depreciation method for each machine, and various methods havebeen used. Information concerning the machines is summarized in the table below.Machine12(a1)3AcquiredJan. 1, 2020July 1, 2021Nov. 1, 2021Cost$ 96,40088,50070,000Your answer is correct.Depreciable costSalvageValue$ 14,00011,500$8,000Useful Life(in years)8For the declining-balance method, Windsor Company uses the double-declining rate. For the units-of-activity method, total machinehours are expected to be 31,000. Actual hours of use in the first 3 years were 2021, 500; 2022,4,600; and 2023, 6,600.256For Machine #3, calculate depreciable cost per hour under units-of-activity method.DepreciationMethodStraight-lineDeclining-balanceUnits-of-activityper hour (b)Your answer is correct.Compute the amount of accumulated depreciation on each machine at December 31, 2023.MACHINE 1Accumulated depreciation$MACHINE 2 $MACHINE 3 $eTextbook and Media41200Depreciation expense63012123400If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In2022?(1)2021Attempts: 1 of 3 used(2)2022

Name: kk.Subject :- Accounting In recent years. Windsor Company has purchase
Uploaded: 2024-03-05T11:50:36.000Z
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Description: kk.Subject :- Accounting In recent years. Windsor Company has purchased three machines. Because of frequent employee turnover in the accountingdepartment, a different accountant was in charge of selecting the depreciation method for each machine, and