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Swifty Corporation purchased a new machine on October 1, 2022 at a cost of $457,600. The company estimated that the machine has a salvage value

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Swifty Corporation purchased a new machine on October 1, 2022 at a cost of $457,600. The company estimated that the machine has a salvage value of $35,200. The machine is expected to be used for 352,000 working hours during its 8-year life. 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 o decimal place, ag. 1520.) 2022 2023 Straight-line methode Declining balance using double the straight-line rate for 2022 and 2023. 2022 Declining balance method Units-of-activity for 2022, assuming machine usage was 12,760 hours. (Round depreciation per unit to the nearest cent.) Units-of-activity method 2022

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