Question 1 of 1 C -/20 View Policies Current Attempt in Progress in recent years. Sheridan 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. Salvage Value Useful Life (in years) Machine Acquired Depreciation Method Cost 1 Jan. 1.2020 A Straight-line 2 July 1, 2021 $133,000 86.500 08.200 $45,000 10,500 8.200 5 Declining balance Nov 1.2021 6 Units of activity For the declining balance method Sheridan Company ises the double ceclining rats. For the ls of activity method, rutal machine hours are expected to be 30.000 Actual hours of use in the first 3 years were 2022 620 20225300 und 2003 200 DI KO O fin

Q&A Education