In recent years, Concord Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2020 $96,600 $14,000 8 Straight-line 2 July 1, 2021 88.500 12,000 5 Declining-balance 3 Nov. 1, 2021 92,500 8,500 6 Units-of-activity For the declining-balance method, Concord Company uses the double-declining rate. For the units of activity method. total machine hours are expected to be 28.000. Actual hours of use in the first 3 years were 2021, 800: 2022, 4,300 and 2023, 6.300