Question 11 5 pts A machine that cost $700,000 was acquired on January 1, 2021. Its estimated salvage value is $70,000. Management anticipates that this machine has a useful life of 10 years and that it will be used in production for approximately 63,000 hours. The machine was operated for 8,000 hours in 2021. Required: Calculate depreciation expense for 2021 using each of the following methods: A. Straight-line B. Double-declining balance Edit View Insert Format Tools Table 12pt Paragraph BI UAV T : Spread n cl