Problem 9-08A In recent years, Wildhorse Co. has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Depre Useful Life (in years) Machine Acquired Jan. 1, 2020 July 1, 2021 Nov. 1, 2021 Cost $120,000 90,000 70,400 Salvage Value $40,000 10,700 8,400 Depreciation Method Straight-line Declining-balance Units-of-activity For the declining-balance method, Wildhorse Co. uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 31,000. Actual hours of use in the first 3 years were: 2021, 740; 2022, 6,500; and 2023, 7,900. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? 2021 2022 Depreciation Expenses Click if you would like to Show Work for this question: Open Show Work