Machine Date Acquired Cost Useful Life (in years) Residual Value #1 Jan. 1. 2011 $825,000 20 #2 Jan 1, 2019 $112,720 $37.720 $5,220 5 (a) Your answer is correct. Calculate the annual depreciation for each asset using the straight-line method. Machine 1 $ 39364 $ Machine 2 $ 21500 e Textbook and Media Attemg (b) Calculate the accumulated depreciation and carrying amount of each asset on December 31, 2020, Machine 1 Machine 2 Accumulated depreciation Carrying amount