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On January 1, 2023, a machine was purchased for $115,000. The machine has an estimated salvage value of $9,400 and an estimated useful life of

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On January 1, 2023, a machine was purchased for $115,000. The machine has an estimated salvage value of $9,400 and an estimated useful life of 5 years. The machine can operate for 120,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023,24,000 hours: 2024,30,000 hours; 2025,18,000 hours; 2026, 36,000 hours: and 2027,12,000 hours. 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 0 decimal places, eg. 45,892.) 1. Straight-line Method 2. Activitv Method Sum-of-the-Years-Digits Method Double-Declining-Balance Method

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