Crane Inc., reported the following information about two of its machines as at December 31, 2019. Residual Value Machine Cost Useful Life (in years) Date Acquired Jan. 1, 2011 #1 20 $843,000 $121,580 $37,260 $5,100 #2 Jan. 1, 2019 5 (a) Your answer is correct. Calculate the annual depreciation for each asset using the straight-line method. Machine 1 $ 40287 Machine 2 $ 23,296 e Textbook and Media Attempts: 1 of 3 used (b) Calculate the accumulated depreciation and carrying amount of each asset on December 31, 2020. Machine 1 Machine 2 Accumulated depreciation Carrying amount