Concord Hospital installs a new parking lot. The paving cost $39300 and the lights to illuminate the new parking area cost $24300- Which of the following statements is true with respect to these additions? $63600 should be debited to the Land account. O $39300 should be debited to the Land account. $24300 should be debited to Land Improvements. $63600 should be debited to Land Improvements. Question 11 of 12 Cest V 1 Jan 1, 2020 $400 $12000 2 1.2021 90,500 12000 $ Nov 1, 2021 31500 1300 Depreciation Method 30/45 1 soft datin For the mining balance hod Cheyenne Company uses the double-decor hours as expected to be 42000 Actual hours of use in the 3 years were 2021 1.000 2022, 4600 and 20231700 erhour B Question 11 of 12 < > Your answer is correct. Compute the amount of accumulated depreciation on each machine at December 31, 2023. Accumulated depreciation MACHINE 1 $ 43200 MACHINE 2 $ 64436 MACHINE 3 39900 (b) eTextbook and Media 30/45 Attempts: 1 of 3 used (b) If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? Depreciation expense eTextbook and Media Save for Later (1) 2021 (2) 2022 Attempts: 0 of 3 used Submit