Question 1 of 1 > - 75 5 In recent years, Crane Company 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. Salvage Value Useful Life (in years) Depreciation Method Machine Acquired Cost 1 Jan. 1. 2020 $130,500 $30,500 10 Straight-line 2 July 1, 2021 88,000 10,100 5 Declining-balance 3 Nov. 1, 2021 76,100 9.100 6 Units-of-activity For the declining-balance method. Crane Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 33.500. Actual hours of use in the first 3 years were: 2021, 660: 2022,5,700: and 2023.7,300. Compute the amount of accumulated depreciation on each machine at December 31, 2023. Question 1 of 1 -75 III For the declining-balance method, Crane Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 33,500. Actual hours of use in the first 3 years were: 2021, 660; 2022,5,700; and 2023,7,300. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ $ $ e Textbook and Media If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In ere to search ME 39F CloudyA 5: 3/3 o 10 - 75 E e Textbook and Media 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 Expense $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer 3 search O 39F Cloudy lo) 5:56 E 3/31/2