Current Attempt in Progress Suppose that Pharoah purchased a new machine on October 1, 2025 at a cost of $83,200. The company estimated that the machine has a salvage value of $6,400. The machine is expected to be used for 64,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. (a) Your answer is correct. Straight-line for 2025 and 2026, assuming a December 31 year-end. Straight-line method List of Accounts 2025 59 $ 2,400 5 2026 9,600 (b) Declining-balance using double the straight-line rate for 2025 and 2026. (c) 2025 Declining-balance method $ List of Accounts Save for Later 2026 $ Attempts: 0 of 2 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above