Exercise 9-20 Gotham Company purchased a new machine on October 1, 2017, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 8-year life Compute depreciation using the following methods in the year indicated. Your answer is incorrect. Try again. Dedining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 125) 2017 2018 Depreciation using the Dedining-balance method 2,562.50 10,250 INK TO T X Your answer is incorrect. Ty again. 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 480 hours. (Round answer to o decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: APPLIED SKILLS VIDEOs SIMILAR EXERCISE Question Attempts: Unlimited AE FOR LATER SUBMIT