CALCULATOR PRINTER VERSION ES BACK NEXT Question 3 In recent years, Crane Company 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 1 Acquired Jan. 1, 2020 July 1, 2021 Nov. 1, 2021 Salvage Value $16,000 11,200 7,900 Cost $126,000 79,000 71,900 Useful Life (in years) 10 5 2 3 Depreciation Method Straight-line Declining-balance Units-of-activity 6 For the declining balance method, Crane Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 32,000. Actual hours of use in the first 3 years were: 2021, 810; 2022, 6,400; and 2023, 7,900. Your answer is partially correct. Try again. Compute the amount accumulated depreciation on each machine at December 31, 2023. MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 44,000 $i LINK TO TEXT