MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 9-24 Crane Company purchased a new machine on October 1, 2022, at a cost of $116,100. The company estimated that the machine has a salvage value of $7,020. The machine is expected to be used for 108,000 working hours during its 10-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 method LINK TO TEXT LINK TO VIDEO 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 500 hours. (Round answer to o decimal places,.. 5,275.) Depreciation using the Units-of-activity method for 2022