Stan's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment:

Machine		Cost		Purchase Date		Useful Life		Salvage Value		Depreciation Method		Date Sold		Sales Price
#1		$86,000		7/1/18		5 yrs		$6,000		Straight-line		7/1/22		$20,000
#2		$95,000		1/1/21		5 yrs		$5,000		Double-declining-balance		12/31/22		$37,000

(a)

Compute the depreciation on each piece of equipment to the date of disposal. Machine #1

Year		Annual Depreciation		Accumulated Depreciation
2018		$enter a dollar amount to record Annual Depreciation of Machine 1		$enter a dollar amount to record Accumulated Depreciation of Machine 1
2019		enter a dollar amount to record Annual Depreciation of Machine 1		enter a dollar amount to record Accumulated Depreciation of Machine 1
2020		enter a dollar amount to record Annual Depreciation of Machine 1		enter a dollar amount to record Accumulated Depreciation of Machine 1
2021		enter a dollar amount to record Annual Depreciation of Machine 1		enter a dollar amount to record Accumulated Depreciation of Machine 1
2022		enter a dollar amount to record Annual Depreciation of Machine 1		enter a dollar amount to record Accumulated Depreciation of Machine 1

Machine #2

Year		Annual Depreciation		Accumulated Depreciation
2021		$enter a dollar amount to record Annual Depreciation of Machine 2		$enter a dollar amount to record Accumulated Depreciation of Machine 2
2022		enter a dollar amount to record Annual Depreciation of Machine 2		enter a dollar amount to record Accumulated Depreciation of Machine 2

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