Blue Company purchased a new machine on September 1, 2022, at a cost of $141,000. 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. (c) Your answer has been saved. See score details after the due date. 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= $ 56.400 2023 - $ 33,840 2024 = $ 20,304 Attempts: 1 of 1 used (e) Assume the double-declining balance method is used. What amount of gain or loss would Blue recognize if they sell the asset for $66,000 on 1/1/25? $ Save for Later Attempts: 0 of 1 used Submit