Question 4 of 7 2/6 View Policies Show Attempt History Current Attempt in Progress In recent years, Monty 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. Depreciation Method Useful Life (in years) Machine Acquired Cost Salvage Value $ 15,000 1 Jan 1, 2020 $ 98,600 8 5 90.500 2 July 1, 2021 10.500 Straight-line Declining balance Units-of-activity 3 77,500 Nov. 1, 2021 6 7,500 For the declining-balance method, Monty Company uses the double-declining rate. 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 2021.900: 2022,5.000; and 2023, 7.000. Question 4 of 7 276 !!! Your answer is incorrect Compute the amount of accumulated depreciation on each machine at December 31, 2023. Accumulated depreciation MACHINE 1 $ MACHINE 2 $ MACHINE 3 $ Assistance Used eTextbook and Media Attempts: 1 of 3 used Submit Answer Save for Later Last saved 2 minutes ago Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes, (b) That thisestion must be completed in order. This part will be available when you complete the part above