Markham Manufacturing Inc. purhased and later sold a machine. Details relating to the machine are below. Acquisition cost $216,000 Date of purchase 1-May-20 Date put into use 1-Aug-20 Estimated useful life in years 8 Estimated residual value $36,000 1-Apr-24 $150,000 Date of disposal Proceeds of disposal Complete a depreciation chart for this machine and then answer the following questions. What is the depreciable amount of the machine? A/ What is this machine's ANNUAL depreciation expense? A/ How much depreciation expense should be recorded in 2020? A/