Carla Vista Machines reported the following information about two of its machines as of December 31, 2023. Machine (a) #1 #2 Date Acquired Jan. 1, 2014 July 1, 2023 Your answer is correct. (b) Annual depreciation $ eTextbook and Media List of Accounts Calculate the annual depreciation for each asset using the straight-line method. Your answer is incorrect. Cost $944.000 141,600 Accumulated depreciation Book value $ Useful Life (in years) Machine 1 $ 44,840 20 5 Machine 1 $ Calculate the accumulated depreciation and book value of each asset on December 31, 2024. Salvage Value $47,200 $ $ Machine 2 5,900 27,140 Machine 2 Assistance Used Attempts: 1 of 3 used

Carla Vista Machines reported the following information about two of its machines as of December 31, 2023. (a) Your answer is correct. Calculate the annual depreciation for each asset using the straight-line method. (b) Your answer is incorrect. Calculate the accumulated depreciation and book value of each asset on December 31,2024