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Kingbird, Inc. purchased a new machine on October 1 , 2 0 2 2 , at a cost of $ 1 3 3 , 0

Kingbird, Inc. purchased a new machine on October 1,2022, at a cost of $133,000. The company estimated that the machine will have a salvage value of $19,500. The machine is expected to be used for 10,000 working hours during its 5-year life.: 1. Calculate the depreciation expense under straight-line method for 2022.2. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,500 hours.3. Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023.

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