On January $1,2020,$ a machine was purchased for $$125,000.$ The machine has an estimated residual value of $$7,880$ and an estimated useful life of $5$ years. The machine can operate for $122,000$ hours before it needs to be replaced. The company closed its books on December $31$ and operates the machine as follows: $2020,24,400$ hours; $2021,30,500$ hours; $2022,18,300$ hours; $2023,36,600$ hours; and $2024,12,200$ hours.

$($a$)$

Your answer is incorrect.

Compute the annual depreciation charges over the machine's life assuming a December $31$ year$-$end for each of the following depreciation methods. $($Round answers to O decimal places, e$.$g$.45,892.)$

Straight$-$line Method

$

Activity Method

Year

$2020$

$ $$

$2021$

$ $$

$2022$

$ $$

straight line method

activity method

sum of the yeard digits method

double declining balance method