Current Attempt in Progress In recent years, Ivanhoe Company has purchased three machines. Because of frequent employee turnover in the accoun department, a different accountant was in charge of selecting the depreciation method for each machine, and various me been used. Information concerning the machines is summarized in the table below. Machine Acquired Jan 1, 2020 July 1, 2021 Nov. 1, 2021 1 Cost $135,500 80,000 77,600 Salvage Value $25,500 11,400 8,600 Useful Life (in years) 10 5 Depreciation Method Straight-line Declining balance Units-of-activity 2 3 7 For the declining balance method, Ivanhoe Company uses the double-declining rate. For the units-of-activity method, total hours are expected to be 34,500. Actual hours of use in the first 3 years were: 2021, 860; 2022, 5,000; and 2023, 6,500. (a) 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 44,000 $ 49.223 $ 24,720 e Textbook and Media Assistance Used Save for Later Attempts: 2 of 3 used Submit