In recent years, Ivanhoe 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 Jan 1, 2020 $135,500 $25,500 10 Straight-line Declining-balance July 1, 2021 Nov. 1, 2021 80,000 77,600 11,400 8,600 7 Units-of-activity For the declining-balance method, Ivanhoe Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 34,500. Actual hours of use in the first 3 years were: 2021,860; 2022, 5,000; and 2023, 6,500. - Your answer is partially correct. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 44,000 68,660 24,720 If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? 2021 2022 Depreciation Expense $