Sheffield Corp.purchased a new machine on October 1.2022 at a cost of $416,000. The company estimated that the machine has a salvage value of 532.000 The machine is expected to be used for 320,000 working hours during its 8-year life. ons Support Compute depreciation using the following methods in the year indicated. Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to decimal place, ag. 1520) 2023 2022 $ Straight-line method e Textbook and Media Declining balance using double the straight line rate for 2022 and 2023 >> 2022 2023 Declining balance method $ e Textbook and Media Declining-balance using double the straight-line rate for 2022 and 2023. 2023 2022 $ Declining-balance method e Textbook and Media Units-of-activity for 2022, assuming machine usage was 11,600 hours. (Round depreciation per unit to the nearest cent.) Units-of-activity method 2022 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook Wed. May 13 2020.7.000 America Chicago-05. Prov Net) here to search * - ** STRO