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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.

Machine

Acquired

Cost

Salvage

Value

Useful Life

(in years)

Depreciation

Method
1 Jan. 1, 2015 $126,000 $38,000 8 Straight-line
2 July 1, 2016 95,000 10,100 5 Declining-balance
3 Nov. 1, 2016 78,600 7,600 7 Units-of-activity

For the declining-balance method, Sheridan Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 35,500. Actual hours of use in the first 3 years were: 2016, 800; 2017, 4,200; and 2018, 5,500.