edu/courses/434029/quizzes/3584789/take ts Question 7 5 pts T-Mitch calculates and records depreciation using the straight line method. A piece of machinery was purchased on January 1st and depreciation on this asset needs to be recorded on December 31st to ensure financial statements are accurate. Based on the following information, how much ACCUMULATED DEPRECIATION should be recognized on December 31st of Year 2? Machinery Purchase Price Freight and Delivery Costs Installation and Testing Costs dance Salvage Value ations Useful Life in Years: Do NOT use dollar signs or commas in your answer. O 500 O 30,000 O 150,900 O 30,080 search O 150,000 700 200 500 10 48F