Question # 2: (15 points) In recent years, Fonoon Company purchased three machines. Because of heavy turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods were selected. Information concerning the machines is summarized on the next page. Salvage Useful Life Depreciation Machine Acquired Cost Value in Years Method 1 1/1/07 $86,000 $ 6,000 10 Straight- line 2 1/1/08 100,000 10,000 8 Declining- balance 3 11/1/10 78,000 6,000 Units- of-activity For the declining-balance method, the company uses the double-declining rate. For the units of activity method, total machine hours are expected to be 24,000. Actual hours of use in the first 3 years were: 2010, 1,000; 2011, 4,500; and 2012, 5,000. Instructions (a) Compute the amount of accumulated depreciation on each machine at December 31, 2010. (b) If machine 2 had been purchased on April 1 instead of January 1, what would be the depreciation expense for this machine in (1) 2008 and (2) 2009