Estimated Salvage Value $ 30,000 Estimated Life in Years 10 Total Cost Machine A Machine B Machine C Machine D $ 260,500 315,000 35,000 56, 000 110,000 741,500 7,000 thod. Based on the Sturdy computes depreciation on the straight-line basis using the group me information presented: (1) Calculate the depreciation rate for the group. Round the depreciation rate to 2 decimal (2) (3) places (example = 14.56%) Prepare journal entries to record the acquisition and the first year's depreciation expense If the company sells Machine D after 4 years for S10,000, prepare the journal entry Round all amounts to the nearest dollar