Novak Company purchased a new machine on September 1, 2022, at a cost of $144,000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under the Straight-line method for 2022, 2023, and 2024. (Round answers to decimal places, e.g. 15250.) Depreciation expense for: 2022 = $ 8667 2023 = $ 26000 2024 = $ 26000 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Your answer is correct. Compute the depreciation expense under the Units-of-activity for 2022, assuming machine usage was 930 hours. Depreciation expense for 2022 = $ 12090 Compute the depreciation expense under the Declining-balance using double the straight-line rate for 2022, 2023, and 2024. (Round answers to O decimal places, e.g. 15250.) Depreciation expense for: 2022 = $ 2023 = $ 2024 = $ e Textbook and Media