Blossom Company purchased a new machine on October 1, 2017, at a cost of $91,300. The company estimated that the machine has a salvage value of $8,600. The machine is expected to be used for 62,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated.

Exercise 9-20 Blossom Company purchased a new machine on October 1, 2017, at a cost of $91,300. The company estimated that the machine has a salvage value of $8,600. The machine is expected to be used for 62,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Your is correct. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to o decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method 5706 SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE x Your answer is incorrect. Try again