Art, Music, and Creative Writing homework help. Problem 9-7AIn recent years, Farr 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) DepreciationMethod1 Jan. 1, 2012 $136,000 $39,700 9 Straight-line2 July 1, 2013 95,000 11,100 5 Declining-balance3 Nov. 1, 2013 82,690 7,890 7 Units-of-activityFor the declining-balance method, Farr Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,000. Actual hours of use in the first 3 years were: 2013, 660; 2014, 5,040; and 2015, 6,300. Compute the amount of accumulated depreciation on each machine at December 31, 2015. MACHINE 1 MACHINE 2 MACHINE 3Accumulated Depreciation at December 31 $ $ $ LINK TO TEXTLINK TO TEXTIf machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2013? In 2014? 2013 2014Depreciation Expense $ $
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