Ecker Company purchased a new machine on January 1, 2021 for $528,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $24,000. The company has recorded monthly depreciation using the straight-line method. On March 31, 2018, the machine was sold for $172,000 1. What is depreciation per month? 2. Give the Depreciation accrual adjusting entry at 12/31/21 Show 3. How much is accumulated depreciation at March 31, 2024. your work: 4. What is the BOOK VALUE of the machine at March 31 2024 Show your work 5. 6. Give the Journal entry if the machine was sold for $172,000 on March 31 2024 What would the gain or loss be if the sales Price had been $372,000? 7. Instead of selling the machine on March 31, 2024, the company decided to keep it but learned that the useful life would be only eight years. Compute the new depreciation rate per month