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##### Problem 9-7A In recent years, Farr Company has purchased three-(Answered)

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I have 4 problems for Acc291, "University of Phoenix", ?I have some numbers and problems I am not able to figure out. Anyone can help me solve them?

Files attached. If you can show me the math in excel too. :o )

Problem 9-7A

In 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

1

2

3

Acquired

Jan. 1, 2012

July 1, 2013

Nov. 1, 2013

Cost

\$133,000

86,000

96,300

Salvage

Value

\$37,600

10,300

7,200

Useful Life

(in years)

9

5

7

Depreciation

Method

Straight-line

Declining-balance

Units-of-activity

For the declining-balance method, Farr Company uses the double-declining rate. For the units-ofactivity method, total machine hours are expected to be 33,000. Actual hours of use in the first 3

years were: 2013, 730; 2014, 4,250; and 2015, 5,750.

Compute the amount of accumulated depreciation on each machine at December 31, 2015.

MACHINE 1

MACHINE 2

\$

MACHINE 3

\$

\$

Accumulated Depreciation at December

31

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?

2013

2014

\$

\$

Depreciation

Expense

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