Question 7 2 points Save Answer ABC Company purchased a new machine on January 1, 2017, at a cost of $220,000. The machine is expected to have 10-year term life and a $20,000 salvage (Residual) value. The machine is expected to work 800,000 hours during its 10-year term life. Working during 2017 was 70,000 hours and during 2018 was 110,000 hours and during 2019 was 120,000 hours. Instructions Calculate the amount of depreciation expense for the year 2017, 2018, and 2019 following the double-declining balance depreciation method. 196 TTTT Paragraph Arial 3 (12pt) . T- T' T. OS Mashups