In recent years, Wildhorse Co. 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. Salvage Value Useful Life (in years) Depreciation Method Machine 8 Straight-line Acquired Cost Jan 1, 2020 $120,000 July 1, 202190,000 Nov. 1, 2021 70,400 $40,000 10,700 8,400 5 Declining balance 7 Units-of-activity For the declining balance method, Wildhorse Co. uses the double declining rate. For the units of activity method, total machine hours are expected to be 31,000. Actual hours of use in the first 3 years were: 2021.740, 2022,6,500 and 2023,7.900 Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 $ Accumulated Depreciation at December 31 bland Media If machine 2 was purchased on April 1 Instead of July 1, what would be the depreciation expense for this machine in 2021? in 20227 2021 2022 Depreciation Expense $ e Textbook and Media