On January 1, 2023, a machine was purchased for $102,500. The machine has an estimated salvage value of $8,000 and an estimated useful life of 5 years. The machine can operate for 105,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023, 21,000 hours; 2024, 26,250 hours; 2025, 15,750 hours: 2026, 31,500 hours; and 2027, 10,500 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, eg. 15.25 and final answers to O decimal places, eg. 45,892.) 1. Straight-line Method 2. Activity Method Year 2023 2024 2025 $ 2026 2027