Machine 1 Aces and partie (To record depreciation expense) (To record sale of equipment) Machine 2 Account Titles and Explanation Det Chit (To record depreciation expense) (To record sale of equipment) Compute the depreciation on each piece of equipment to the date of disposal. Machine 81 Annual Depreciation $ Accumulated Depreciation Year 2018 7200 7200 14400 21600 2019 36000 2020 14400 50400 2021 14400 57600 2022 7200 Machine #2 Annual Depreciation $ Accumulated Depreciation $ Year 34200 34200 2021 54720 2022 20520 Robert's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two places of equipment Purchase Useful Salvage Depreciation Sales Machine Cost Date Life Value Method Date Sold Price #1 $77,400 7/1/18 5 yrs $5,400 Straight-line 7/1/22 $18,000 #2 $85,500 1/1/21 5 yrs $4,500 Double-declining balance 12/31/22 $33,300