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Question 2) Megan Company purchased a new machine on August 1, 2018, at a cost of $90,000. The company estimated that the machine has a

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Question 2) Megan Company purchased a new machine on August 1, 2018, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000, is expected to be used for 70,000 working hours, and will have an 8-year life. Instructions A) Compute the depreciation expense under the straight-line method for 2018, 2022, and 2026, assuming a December 31 year-end. B) Compute the depreciation expense under the double-declining balance method for 2018 and 2019 C) Compute the depreciation expense under the units-of-activity method for 2018, assuming machine usage was 3,200 hours. (record depreciation per unit to the nearest cent.)

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