On January 1,2023, a machine was purchased for $120,000. The machine has an estimated salvage value of $9,600 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. (a) Your answer is correct. 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 ploces, eg. 45,892.) 1. Straight-line Method $ 2. Activity Method Year 2023 \( \$ \longdiv { 2 2 0 8 0 } \) 2024 2025 2026 2027 ...... int.wite Mathod Balance Method Asume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Nound answers to 0 decimal ploces, es. 45,892)