Reference no: EM133158502

Question - In recent years, Monty 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	$ 98,600	$ 15,000	8	Straight-line
2	July 1, 2021	90,500	10,500	5	Declining-balance
3	Nov. 1, 2021	77,500	7,500	6	Units-of-activity

For the declining-balance method, Monty Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 35,000. Actual hours of use in the first 3 years were 2021, 900; 2022, 5,000; and 2023, 7,000.

Required -

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

What the amount of accumulated depreciation on each machine at December 31, 2023.