Question 7 1 pts Pine Ltd purchased a machine on Jan 1, 2019 for $800,000. The machine had an estimated useful life of 10 years with a production capacity for 160,000 units and was expected to have no residual value. The company uses the units-of-production method to record depreciation. The machine produced 30,000 units in 2019, 36,000 units in 2020 and 50,000 units in 2021. The machine was sold on December 30, 2021 for $700,000. What was the accumulated depreciation at December 31, 2019 (related to this asset)? Question 8 1 pts Cedar Corp. purchased equipment on January 1, 2020 for $550,000. It was estimated that the equipment would have a residual value of $50,000 at the end of its useful life. The asset's useful life was estimated at 5 years or 20,000 units of output. The company has a December 31 year end. Assuming the double-declining-balance depreciation method is used, what is the net book value (carrying value) of the asset on December 31, 2021