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Jason's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment Machine Cost Purchase Date Useful

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Jason's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment Machine Cost Purchase Date Useful Life Salvage Value Depreciation Method Date Sold Sales Price #1 $ 163,400 7/1/18 5 yrs $ 11,400 7/1/22 $ 38,000 #2 Straight-line Double-declining-balance $ 180,500 1/1/21 5 yrs $ 9.500 12/31/22 $ 70,300 Tail Machine #1 Year Annual Depreciation Accumulated Depreciation 2018 $ $ 2019 2020 2021 2022 Machine #2 Year Annual Depreciation Accumulated Depreciation 2021 $ $ 2022

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