Gotham Company purchased a new machine on October 1, 2025, 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 10-year life. (a) Your answer is incorrect. Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026. (Round answers to 2 decimal places, e.g 2,152.75.) Depreciation using the declining-balance method $ eTextbook and Media tA 2025 LA 2026 4

Gotham Company purchased a new machine on October 1,2025 , 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 10 -year life. (a) Your answer is incorrect. Compute depreciation using declining-balance using double the straight-line rate for 2025 and 2026. (Round answers to 2 decimal places, e.s 2,152.75.)