Question 9 View Policies Current Attempt in Progress On January 1, 2018, a machine was purchased for $122.500. The machine has an estimated salvage value of $7.300 and an estimated useful life of 5 years. The machine can operate for 120,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018. 24.000 hrs: 2019.30.000 hrs: 2020. 18.000 hrs: 2021. 36.000 hrs; and 2022. 12,000 hrs. 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 decimal places, eg. 45,892.) 1. Straight-line Method 2. Activity Method Year 2018 2019 69 2021 2022 3. Sum-of-the-Years-Digits Method Year 2018 9 8 2020 2021 2022 4. Double-Declining-Balance Method Year 2018 2019 2022 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit