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Novak Corp. purchased a new machine on October 1, 2022, at a cost of $137,000. The company estimated that the machine will have a salvage

Novak Corp. purchased a new machine on October 1, 2022, at a cost of $137,000. The company estimated that the machine will have a salvage value of $21,500. The machine is expected to be used for 10,000 working hours during its 5-year life.

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For context, I have already completed the parts below. I just need help solving (c).

(a) Compute the depreciation expense under straight-line method for 2022.

2022
Depreciation Expense $5775

(b) Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,780 hours. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and final answer to 0 decimal places, e.g. 2,125.)

2022
Depreciation Expense 20559

(c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023.

2022 2023
Depreciation Expense $_______ $_______

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