Exercise 11-05 Skysong Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $132,000. The company estimated that the machine would have a salvage value of $15,000 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,000 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to o decimal places, e.g. 45,892.) (a) Straight-line depreciation for 2020 $ (b) Activity method for 2020, assuming that machine usage was 700 hours $ (c) Sum-of-the-years'-digits for 2021 $ (d) Double-declining-balance for 2021 $