In recent years, Farr Company has purchased three machines.

One                                           Jan 1 2012                              124000               29500                              9                                                           Straight line

Two                                           July 1 2013                             71000                  10700                              5                                                            Declining Balance 

Three                                       Nov 1 2013                               80220                 6620                              6                                                             Units of activity

Question:

Compute the amount of accumulated depression on each machine at December 1, 2015.

Accumulated Depreciation at December 31.

MACHINE ONE=

MACHINE TWO=

MACHINE THREE=

QUESTIONS TWO:

If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2013? In 2014?

Depreciation Expense

2013=

2014=  

Machine 1 Cost1-Jan-121-Jan-131-Jan-141-Jan-15 Machine 2 Cost1-Jul-131-Jan-141-Jan-15 Machine 3 SalvageUseful Life710001070055680034080 Cost1-Nov-131-Jan-141-Jan-15 A Salvage80220...