Question: need part b, if its in red its incorrect On January 1, 2023, a machine was purchased for $102,500. The machine has an estimated salvage

need part b, if its in red its incorrect

On January 1, 2023, a machine was purchased for $102,500. The machine has an estimated salvage value of $7,580 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023,22,600 hours; 2024, 28,250 hours; 2025, 16, 950 hours; 2026, 33, 900 hours: and 2027,11,300 hours. (a) Youe answer is correct. Compute the annual depreciation charges over the machine's life assuming a December 31 year -end for each of the following depreciation methods. (Round rote per hour to 2 decimal places, es. 15.25 and final answers to 0 decimal places, eg. 45,892.) 3. Cim.nf.tho.Voare'nioite Method 4. Double-Declining-Balance Method Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45, 892.)

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