Blossom Company purchased a new machine on October 1, 2022, at a cost of $92,100. The company estimated that the machine has a salvage value of $7,260. The machine is expected to be used for84,000working hours during its10-year life.

Compute depreciation using the following methods in the year indicated.

Declining-balance using double the straight-line rate for 2022 and 2023.

2022

2023

Depreciation using the Declining-balance method

$enter a dollar amount

$enter a dollar amount

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Calculate the depreciation cost per hour.(Round answer to 2 decimal places, e.g. $1.25)

Depreciation cost per hour$enter the depreciation cost per hour in dollars rounded to 2 decimal places

Units-of-activity for 2022, assuming machine usage was500hours.(Round answer to 0 decimal places, e.g. 5,275.)

Depreciation using the Units-of-activity method for 2022$enter the units-of-activity depreciation cost for 2022 in dollars