Show Attempt History Current Attempt in Progress In recent years, Ivanhoe 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. Salvage Value Useful Life (in years) Machine Acquired Cost 1 Jan 1, 2020 $135,500 $25,500 T Depreciation Method Straight-line Declining-balance Units-of-activity 2 80,000 5 July 1, 2021 11,400 77,600 8,600 7 Nov. 1.2021 3 For the declining-balance method, Ivanhoe Company uses the double-declining rate. For the units-of-activity method, total machine 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. Compute the amount of accumulated depreciation on each machine at December 31, 2023, MACHINE 1 MACHINE 2 MACHINE 3 Accumulated Depreciation at December 31 $ $ I Attempts: unlimited Submit Answer Save for Later