E9.6 (LO 2) Xanadu A/S purchased a new machine on October 1, 2020, at a cost of 96,000. The com- pany estimated that the machine will have a residual value of 12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Determine depreciation for partial periods. CHAPTER 9 Plant Assets, Natural Resources, and Intangible Assets Instructions Compute the depreciation expense under the following methods for the year indicated. a. Straight-line for 2020. b. Units-of-activity for 2020, assuming machine usage was 1,700 hours. c. Declining-balance using double the straight-line rate for 2020 and 2021