Question 5 of 5 - / 1 View Policies Current Attempt in Progress In recent years, Novak Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Jan. 1, 2020 July 1, 2021 Salvage Value $ 14,000 Cost $ 98,400 90,500 1 Useful Life (in years) 8 Depreciation Method Straight-line Declining-balance Units-of-activity 2 10,000 5 3 Nov. 1, 2021 152,000 8,000 6 For the declining-balance method, Novak Company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 48,000. Actual hours of use in the first 3 years were 2021, 1,000; 2022, 4, 100; and 2023, 8,300. (a1) For Machine #3, calculate depreciable cost per hour under units-of-activity method. Depreciable cost $ per hour