x Inc. acquired a machine for $780,000 on January 1 , Year 1 . The machine has a salvage value of $20,000 and a 5 -yea seful life. Cox expects the machine to run for 10,000 machine hours. The machine was actually used for 1,800 hours in 2019 and 2,100 hours in 2020. What would be the balance in the accumulated depreciation account at the end of the second year, if the straight-line method were used? a. $476,000 b. $152,000 c. $296,400 d. $304,000 Feedback Check My Work Straight-line depreciation allocates the depreciable cost over the useful life of the asset. Accumulated depreciation represents the total amount of depreciation expense that has been recorded for an asset since the asset was acquired