Calculate the amount of depreciation expense that Novak should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to O decimal places, e.g. 2.125.) (1) Novak uses the straight-line method of depreciation. (2) Novak uses the declining-balance method. The rate used is twice the straight-line rate. (3) Novak uses the units-of-activity method and estimates that the useful life of the machine is 155,000 units. Actual usage is as follows: 2022, 52,500 units; 2023, 42,500 units; 2024, 32,500 units; and 2025,27,500 units. Depreciation Expense 2022 2023 2024 20 Straight- line method Declining- balance method Units-of- activity method Touthook and Madin On January 1, 2022, Novak Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $53,500. Related expenditures also paid in cash included: sales tax $3,650, Machine B: shipping costs $200, insurance during shipping $100, installation and testing costs $60, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Novak estimates that the useful life of the machine is 5 years with a $4,400 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. The recorded cost of this machine was $180,000. Novak estimates that the useful life of the machine is 4 years with a $9,500 salvage value remaining at the end of that time period. (a) Your Answer Correct Answer (Used)