A company's property records revealed the following information about its plant assets: 
Calculate the depreciation expense for each machine in Year 1 and Year 2 for the year ended December 31.
Machine 1:
Year 1 ______________________ Year 2 _______________________
Machine 2:
Year 1 ______________________ Year 2 _______________________
Definitions:
Interest Rate
The proportion of a total amount of money that is levied for borrowing it, usually stated as an annual rate.
Annual Return
The percentage of gain or loss on an investment over a one-year period, taking into account both capital gains and dividends.
Retirement Fund
Financial resources that have been saved and are used to support a person's retirement.
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments.
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