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Cullumber Machines reported the following information about two of its machines as of December $31,2023.$

$($a$)$

Your answer is correct.

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

Machine $1$

Machine $2$

Annual depreciation

$

$

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Attempts: $1$ of $2$ used

$($b$)$

Calculate the accumulated depreciation and book value of each asset on December $31,2024.$