Concord Company purchased a new machine on September $1,2022,$ at a cost of $$124,000.$ The company estimated that the machine will have a salvage value of $$12,000.$ The machine is expected to be used for $10,000$ working hours during its $5-$year life.

$($a$)$

$($b$)$

$($c$)$

Your answer is incorrect.

Compute the depreciation expense under the Declining$-$balance using double the straight$-$line rate for $2022,2023,$ and $2024.$

$($Round answers to $0$ decimal places, e$.$g$.15250.)$

Depreciation expense for:

$2022$$

$2023$

$

$2024$

$