Exercise 9-20 Blossom Company purchased a new machine on October 1, 2017, at a cost of $85,000. The company estimated that the machine has a salvage value of $7,000. The machine is expected to be used for 60,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. x Your answer is incorrect. Try again. Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to O decimal places, e.g. 125) 2017 2018 Depreciation using the Declining-balance method LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Your answer is correct. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour 1.30 Units-of-activity for 2017, assuming machine usage was 400 hours. (Round answer to 0 decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017 520