Question: Need computation for this. Thank you. Question 7 (8 points) Short Problem - 8 points (No credit allowed without showing computations.) A company's property records

 Need computation for this. Thank you. Question 7 (8 points) Short

Need computation for this. Thank you.

Question 7 (8 points) Short Problem - 8 points (No credit allowed without showing computations.) A company's property records revealed the following information about its plant assets: Machine No. Salvage Value Purchase Date Depreciation Method and Estimated Life Cost 1 $42,000 $3,000 10/1/19 Straight-line (3 Years) 2 $86,000 $8,600 7/1/19 Double-declining Balance (5 Years) Calculate the depreciation expense for each machine for their first two years of usage. Machine 1: 2019 $ $ 2020 $ Machine 2: 2019 $ $ $ 2020 $

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