a Pharoah Company purchased a new machine on September 1, 2022, at a cost of $145,000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your Answer Correct Answer (Used) Your answer Compute the depreciation expense under the Declining-balance using double the straight-line rate for 2022 2023, and 2024 (Round answers to decimal places, e.g. 15250.) Depreciation expense for: 2022 = $ 58,000 2023 - $ 34,800 2024 $ 20,880 eTextbook and Media