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Edward's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Machine Purchase Date 7/1/18 1/1/21

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Edward's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Machine Purchase Date 7/1/18 1/1/21 Cost $146,200 $161,500 #1 W2 Useful Life 5 yrs 5 yrs Salvage Value $10.200 $8,500 Depreciation Method Straight-line Double-declining-balance Date Sold 7/1/22 12/31/22 Sales Price $34,000 $62,900 (a) Compute the depreciation on each piece of equipment to the date of disposal. Machine #1 Year Annual Depreciation $ Accumulated Depreciation $ 2018 2019 2020 2021 2022 Machine #2 Annual Depreciation Year Accumulated Depreciation 2021 $ $ I 2022

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