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On July 1, 2022, Jose bought a used piece of machinery for $10,000. He expects the machine to last 4,500 machine hours or nine years,

On July 1, 2022, Jose bought a used piece of machinery for $10,000. He expects the machine to last 4,500 machine hours or nine years, with a salvage value of $1,000. Assuming he uses the machine for 300 hours in the first year, make Jose's Dec 31, 2022 journal entry with:

a)the straight-line depreciation method

b)the units-of-production depreciation method

c)the double-declining-balance depreciation method

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