Skysong Company purchased a new machine on September 1, 2022 at a cost of $125,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is correct. Compute the depreciation expense under the Straight-line method for 2022 2023 and 2024. (Round answers to decimal places, eg. 15250.) Depreciation expense for 2022 - $ 7533 2023 - $ 22600 2024 - $ 22600 e Textbook and Media Question 7 of 13 0.6/3 (b) Compute the depreciation expense under the Units-of-activity for 2022, assuming machine usage was 740 hours. Depreciation expense for 2022 - $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Subrnit Answe