Whispering Winds Corp. purchased a new machine on October 1, 2022, at a cost of $123,000. The company estimated that the machine will have a salvage value of $14,500. 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 straight-line method for 2022. 2022 Depreciation expense 5425 eTextbook and Media (b) Your answer is correct. Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,600 hours. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and final answer to 0 decimal places, e.g. 2.125.) 2022 Depreciation expense 17360 eTextbook and Media * Your answer is incorrect. Compute the depreciation expense under declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation expense eTextbook and Media