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Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200....

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Accounting

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Blossom Company purchased a new machine on October 1, 2017, at a cost of $87,200. The company estimated that the machine has a salvage value of $7,400. The machi is expected to be used for 69,200 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. Declining balance using double the straight-line rate for 2017 and 2018. (Round answers to decimal places, e.g. 125) 2017 2018 Depreciation using the Declining balance methods LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO SIMILAR EXERCISE Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour Units-of-activity for 2017, assuming machine usage was 420 hours. (Round answer to o decimal places, e.g. 125) Depreciation using the Units-of-activity method for 2017

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