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. (a) E] Your answer is correct. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, eg i25 Depreciation using the Declining-balance method 5706 21398 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Attempts: 2 of 5 used (b) E] Your answer is incorrect. Thy again. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour Units-of-activity for 2017, assuming machine usage was 500 hours. (Round answer to O decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017 Click if you would like to Show Work for this question: Open Show Work