11 of 15 < View Policies how Attempt History Current Attempt in Progress 0.5/1 E On March 1, 2019, Zephur Winds Ltd. purchased a machine for $69,000 by paying $25,000 down and issuing a note for the balance. The machine had an estimated useful life of nine years and an estimated residual value of $6,900. Zephur Winds uses the straight-line method of depreciation and has a December 31 year end. On October 30, 2021, the machine was sold for $59,000. Chapter 8 Assignment Question 11 of 15 Your answer is incorrect. 0.5/1 Assume instead that the company used the double-diminishing-balance method to depreciate the cost of the machine: What amount of depreciation would be recorded in 2019 and 2020? (Hint: prorate the annual depreciation amounts.) (Round depreciation rate to 2 decimal places, e.g. 15.25% and final answers to the nearest whole dollar, e.g. 5,275.) Depreciation expense 2019 eTextbook and Media List of Accounts Save for Later Last saved 43 minutes ago. 2020 Attempts: unlimited Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes