Question 2 View Policies Show Attempt History Current Attempt in Progress In recent years, Pharoah 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 10 Straight-line Jan 1, 2020 July 1, 2021 Nov. 1, 2021 $135.500 81,500 77.600 $35,500 10.200 7.000 5 Declining balance 6 Units of activity For the declining balance method, Pharoah Company uses the double-decliningrate. For the units-of-activity method, total machine hours are expected to be 35.000. Actual hours of use In the first 3 years were: 2021.710.2022. 5.000, and 2023, 6.400 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 2022? 2021 2022 Depreciation Expenses