Gotham Company purchased a new machine on October 1, 2022. at a cost of $90,000. The company estimated that the machine has a malvage 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 (a) X Your answer is incorrect Declining balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method S 26210 $ 10250 eTextbook and Media Attempts: 1 of Sused SA