Exercise 9-20 (Part Level Submission) Wildhorse Co. purchased a new machine on October 1, 2017, at a cost of $86,600. The company estimated that the machine has a salvage value of $8,400. 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. (a) Your answer is correct. 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 5413 20297 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Attempts: 1 of 3 used (b) x Your answer is incorrect. Try again. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) X Depreciation cost per hour 81188 Units-of-activity for 2017, assuming machine usage was 420 hours. (Round answer to 0 decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017 60891 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE