Based on the information bellow can someone please help finish the problem in this study guide In recent years, Splish Brothers 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.Machine Acquired Cost SalvageValue Useful Life(in years) Depreciation Method1 Jan. 1, 2020 $ 99,100 $ 12,500 8 Straight-line2 July 1, 2021 91,500 11,000 5 Declining-balance3 Nov. 1, 2021 101,500 7,500 6 Units-of-activityFor the declining-balance method, Splish Brothers Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 47,000. Actual hours of use in the first 3 years were 2021, 900; 2022, 4,000; and 2023, 8,200.For Bus #3, calculate depreciable cost per hour under units-of-activity method.Depreciable cost $enter depreciable cost per mile in dollars 2 per hour Compute the amount of accumulated depreciation on each machine at December 31,2023.Accumulated depreciationМАCHINE 1$МАCHINE 2$МАCHINE 3%24

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Description: Based on the information bellow can someone please help finish the problem in this study guide In recent years, Splish Brothers Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different acc

In this numerical has covered the concept of Depreciation Accounting .

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

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Based on the information bellow can someone please help finish the problem in this study guide

In recent years, Splish Brothers 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.

Machine	Acquired	Cost	Salvage Value	Useful Life (in years)	Depreciation Method
1	Jan. 1, 2020	$ 99,100	$ 12,500	8	Straight-line
2	July 1, 2021	91,500	11,000	5	Declining-balance
3	Nov. 1, 2021	101,500	7,500	6	Units-of-activity

For the declining-balance method, Splish Brothers Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 47,000. Actual hours of use in the first 3 years were 2021, 900; 2022, 4,000; and 2023, 8,200.

For Bus #3, calculate depreciable cost per hour under units-of-activity method.

Depreciable cost

$enter depreciable cost per mile in dollars 2

per hour

Compute the amount of accumulated depreciation on each machine at December 31,
2023.
Accumulated depreciation
МАCHINE 1
$
МАCHINE 2
$
МАCHINE 3
%24

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