Suppose that Wildhorse purchased a new machine on October 1, 2025 at a cost of $374,400. The company estimated that the machine has a salvage value of $28,800. The machine is expected to be used for 288,000 working hours during its 8 -year life. Compute depreciation using the following methods in the year indicated. (a) Your answer is correct. Straight-line for 2025 and 2026, assuming a December 31 vear-end. Declining-balance using double the straight-line rate for 2025 and 2026