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A Q2 Alladin Company purchased Machine #201 on May 1, 2022. The following information relating to e Machine #201 was gathered at the end of

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A Q2 Alladin Company purchased Machine #201 on May 1, 2022. The following information relating to e Machine #201 was gathered at the end of May. 3 Price $2,586,000 5 Freight-in costs $96,000 5 Prep and installation costs $78,900 Labor costs during regular production operations $5,054 100 3 Alladin intends to use the machine only 12 years, however, 0 after which it expects to be able to sell it fo $27,900 The invoice for Machine #201 was paid 1 May 1, 2022. Alladin uses the calendar year as the basis for the preparation of financial statements. 2 32 33 34 (3) Compute the depreciation expense for the years indicated using the double-declining habang4o the 35 nearest method for 2022 and 2023 (Round to the nearest dollar.) dollar) 36 37

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