In recent years, Crane Corporation 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 Residual Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2022 2 3 July 1, 2023 Nov. 1, 2023 $86,400 88,750 69,390 $12,400 5 Straight-line 10,060 5 Diminishing-balance 6,030 6 Units-of-production For the diminishing-balance method, Crane Corporation uses double the straight-line rate. For the units-of-production method, total machine hours are expected to be 26,400. Actual hours of use in the first 3 years were: 2023, 400; 2024, 4,210; and 2025, 5,000. Prepare separate depreciation schedules for each machine. Prepare the schedule for all years, information permitting. (Round depreciation per unit to 2 decimal places, e.g. 5.20 and answers to the nearest whole dollar, e.g. 5,275. Do not leave any answer field blank. Enter O for amounts.) Machine 1: Straight-line depreciation Calculation Depreciable Depreciation # of Year Cost Rate months 2022 $ 96 2023 2024 2025 2026 Machine 2: Diminishing-balance depreciation Year 2023 $ Carrying Amount Beg. of Year 2024 2025 2026 2027 Machine 3: Units-of-production depreciation 96 % % $ End of Year Depreciation Accumulated Carrying Expense Depreciation Amount $ Calculation End of Year Depreciation Rate # of months Depreciation Expense Accumulated Depreciation Carrying Amount % Calculation Year Units-of- Production Depreciation Cost/Unit 2023 2024 2025 36 % 1% $ Depreciation Expense $ End of Year Accumulated Depreciation Carrying Amount $