Rottino Company purchased a new machine on October 1, 2022, at a cost of $150,000. The company estimated that the machine will hive a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5 -year life. E. Youranswer is incorrect. Compute the depreciation expense under declining-balance using double the straight-fine rate for 2022 and 2023