Blossom Company purchased a new machine on October 1,2024 , at a cost of $150,000. The company estimated that the machine will have a residual value of $14,400. The machine is expected to be used for 10,000 working hours during its 5 -year life. Blossom Company's year-end is December 31 . Compute the depreciation expense under the diminishing-balance method using double the straight-line rate for 2024 and 2025