A machine with a cost of $690,000 has an estimated salvage value of $9]0,000 and an estimated useful life of 5 years or 40,000 hours. It is to be depreciated using the units-of-activity method of depreciation. The machine was used for 6,000 hours in the first year and 8,000 hours in the socond year. Calculate the depreciation expense for the first year using the units of activily method. (Please round answer to the nearest dollar, i.e. 3.078.666 would be entered as 3,079 ) QUESTION 8 Cramer Company issued a $500,000,4%,90-day note recelvable dated July 3. Calculate the maturity value of the notes receivable. QUESTION 9 Jornada Company purchased a new van for floral deliveries on January 1,2020. The van cost $70,000 with an estimated life of 4 years and $17,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. Calculate the book value for at December 31, 2020. (Answer should be rounded to the nearest dollar, i.e. 3,078.923 would be entered as 3,079)