On January 1, 2023, a machine was purchased for $100,000. The machine has an estimated salvage value of $5,920 and an estimated useful life of 5 years. The machine can operate for 112,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023,22,400 hours; 2024, 28,000 hours; 2025, 16,800 hours; 2026, 33,600 hours; and 2027, 11,200 hours. (a) Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round rate per hour to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 45,892.) 1. Straight-line Method $ 2. Activity Method Year 2023 2024