Question 4 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. Machine Useful Life (in years) Acquired Jan 1, 2020 July 1, 2021 Nov. 1, 2021 Cost $121,500 71,000 68,100 Salvage Value $11,500 12,000 8,100 Depreciation Method Straight-line Declining balance 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 30,000. Actual hours of use in the first 3 years were: 2021, 710; 2022, 5,900; and 2023, 7,300. x Your answer is incorrect. Try again. 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 LINK TO TEXT LINK TO VIDEO