(b) If machine 2 was purchased on April 1 instead of July 1, what would be the depreciation expense for this machine in 2021? In 2022? 2021 2022 Depreciation Expense $ e Textbook and Media Save for Later Using multiple attempts will impact your score. 25% score reduction after attempt 1 In recent years, Wildhorse Co 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. Machine Cost $120.000 Salvage Value $40,000 Useful Life in years) 8 Acquired Jan 1, 2020 July 1, 2021 Nov. 1, 2021 Depreciation Method Straight-line 90.000 10.700 5 Declining-balance 70 400 8.400 7 Units-of-activity For the declining balance method, Wildhorse Co. uses the double-decliningrate. For the units-of-activity method, total machine hours are expected to be 31.000. Actual hours of use in the first 3 years were 2021,740, 2022. 6.500, and 2023.7.900. - Your answer is partially correct. Compute the amount of accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ 25920 30260