ments Kenneth's Lumber Mill sold two pleces of equipment in 2022. The following information pertains to the two pieces of equipment: Purchase Date Useful Life Sales Price Machine Cost Salvage Depreciation Value Method Date Sold $9,600 Straight-line 7/1/22 $8,000 Double-declining-balance 12/31/22 $32,000 #1 $137,600 7/1/18 5 yrs $59,200 #2 $152,000 1/1/21 5 yrs (a) Compute the depreciation on each piece of equipment to the date of disposal. Machine 1 Annual Depreciation Accumulated Depreciation Year $ 2018 5 2019 2020 2021 Machine #1 Year Annual Depreciation Accumulated Depreciation 2018 $ $ 2019 2020 2021 2022 Machine #2 Annual Depreciation Year Accumulated Depreciation 2021 $ $ 2022