Wildhorse Inc., reported the following information about two of its machines as at December $31,2023.$ The new controller of the company, Wendy Weink, is proposing new estimates for the useful life and residual value of these machines for $2024.$

Machine

Date Acquired

#$1$ Jan. $1.2015$

#$2$

Jan. $1,2023$

Cost

$$809200$

$119\mathrm{.}780$

Useful Life $($in years$)$

Original

$20$

$5$

Proposed

$25$

$4$

Residual Value

Original

$$37\mathrm{.}340$

$$4\mathrm{.}830$

Proposed

$$63\mathrm{.}271$

$$3\mathrm{.}331$

a$-$Calculate the annual depreciation for each asset using the straight$-$line method.

Machine $1$

$

$38593$

E SUPPort

Machine $2$

$$

$22990$

b$-$Calculate the accumulated depreciation and carrying amount of each asset on December $31,2023.$

Machine $1$

Machine $2$

Accumulated depreciation

$$

$347337$

$$

$22990$

Carrying amount

$

$461863$

$96790$

c$-$If the company accepts Wendy's proposed changes in useful life and residual value. calculate the depreciation expense for $2024$ on both machines.

Machine $1$

$$

$24912$

Machine $2$

$$-?????$