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Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100....

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Blossom Company purchased a new machine on October 1, 2022, at a cost of $70,100. The company estimated that the machine has a salvage value of $4,380. The machine is expected to be used for 62,000 working hours during its 10-year life. Compute depreciation using the following methods in the year indicated. X Your answer is incorrect. Declining-balance using double the straight-line rate for 2022 and 2023. 2022 2023 Depreciation using the Declining-balance method $ 4381 6572 e Textbook and Media x Your answer is incorrect. Calculate the depreciation cost per hour. (Round answer to 2 decimal places, e.g. $1.25) Depreciation cost per hour $ Units-of-activity for 2022, assuming machine usage was 450 hours. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation using the Units-of-activity method for 2022 $

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