On January 1, 2019, Woodstock, Inc. purchased a machine costing $42,400. Woodstock also paid $2.200 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $6,200 If Woodstock uses the straight-line depreciation method, which of the following statements is incorrect? Multiple Choice The December 31, 2019 book value is $39.200 The December 31, 2021 accumulated depreciation balance is $10.200 The annual depreciation expense is $6.400. The December 31, 2020 book value is $25.600