Question 3 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. Machine Useful Life (in years) 8 1 Acquired Jan. 1, 2020 July 1, 2021 Nov. 1, 2021 Salvage Value $40,000 10,700 8,400 Cost $120,000 90,000 70,400 Depreciation Method Straight-line Declining-balance Units-of-activity 2 5 3 7 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. v (a) Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ $ LINK TO TEXT Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part will be available when you complete the part above