Cost Useful Life (in years) Acquired Jan 1, 2020 July 1, 2021 Nov. 1, 2021 $121,500 71,000 68,100 Salvage Value $11,500 12,000 8,100 Depreciation Method Straight-line Declining balance Units-of-activity For the declining balance method, Crane Company uses the double-dedining rate. For the units of activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2021, 710; 2022, 5,900; and 2023, 7,300. Your answer is partially correct. Try again. Compute the amount of accumulated depreciation on each machine at December 31, 2023, - MACHINE 2 MACHINE Accumulated Depreciation at December 31 Your answer is incorrect. Try again, If machine was purchased on April 1 instead of July 1, what would be the depreciation and for this machine in 2001 in 20227 Depreciation Expense