Exercise 9-20 Cullumber Company purchased a new machine on October 1, 2017, at a cost of $92,300. The company estimated that the machine has a salvage value of $7,700. The machine is expected to be used for 68,700 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated Declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to O decimal places, e.g. 125) 2018 Depreciation using the Declining-balance methods LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour Units-of-activity for 2017, assuming machine usage was 460 hours. (Round answer to 0 decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017s LINK TO TEXT VIDEO: APPLIED SKILLSVIDEO: SIMILAR EXERCISE