1. the purchase of the machine

2.annual depreciation expense for the years 2021

3.depreciation in 2023 under the revised estimated of useful life and salavge value

4.the expenditure for major repair in 2024

5. depreciation expense for 2024

17 Line Corporation acquired machine on anuary 1, 2021, for $76,600. The useful life of the machine war estimated to be eight year with a salvage value of $4,600, Depreciation is recorded on December 31 of each year using the straight line method At the beginning of 2023, the company ortimated the remaining useful life of the machine to be four years and changed the primated malvage value from 14.600 to $2,600 Onary 1, 2024 mayor repairs on the machine cost the company 534,000. The ropetrs added two years to the machine's useful life and increased the salvage value to 53,000 Prepare ournal entre to record the following action Question Group (20 points)