Pharoah Company purchased a new machine on September 1 2022 at a cost of $145.000. The company estimated that the machine will have a salvage value of $14,000. The machine is expected to be used for 10,000 working hours during its 5 year life (5) Your answer is correct Compute the depreciation experie under the Straight lint method for 2022 2023 and 2024. Round answers to decimal places 152503 Depreciation expense for 2022-5 20235 26200 2024-5 2000 Depreciation expense for 2022 - $ 12314 eTextbook and Media List of Accounts Attempts: 1 of 3 used (c) Your answer is correct Compute the depreciation expense under the Declining balance using double the straight line rate for 2022 2023 and 2024 Round answers to decimal places, 15250) Depreciation experton 2022-5 2023-5 1333 50202 30168 2024-5 Your answer is partially correct Assume the straight-line method is used. What amount of gain or loss would Pharoah recognize if they sell the asset for $70,000 on 1/1/257 $ 45240 loss eTextbook and Media List of Accounts Attempts: 2 of 3 used Submit Answer le) The parts of this question must be