CALCULATOR PRINTER VERSION BACK NEXT Exercise 9-24 Gotham Company purchased a new machine on October 1, 2022, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 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 2022 and 2023. 2022 2023 Depreciation using the Declining-balance methods LINK TO TEXT LINK TO VIDEO Calculate the depreciation cost per hour. (Round answer to 2 decimal places, 6.9. $1.25) Depreciation cost per hours Units-of-activity for 2022, assuming machine usage was 480 hours. (Round answer to o decimal places, e.. 5.275.) Depreciation using the Units-of-activity method for 2022 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 3 used