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Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,730 hours. (Round intermediate calculations to 2 decianal places, esf-10.12 and final answer to 0 decimal places, es. 2.125 . eTextbook and Media Attempts: 2 of 4 used (c) 7. Your answer is inkorrect. Compute the deprecistion expense under declining balance using double the straight -line rate for 2022 and 2023 . (Round final answers to 0 decimal places, es, 2,125.) Flounder Company purchased a new machine on October 1,2022 at a cost of $110,000. The company estimated that the machine will have a salvage value of $10,000. The machine is expected to be used for 10,000 working hours during its 4 -year life. (a) Compute the depreciation expense under straight-line method for 2022 Depreciation rate =1/ useful life of asset 2100 =41100=25 Depreciation rate =25% 1) 2022 Depreciation Expenses:- 2022DepreciationExpenses=AssetCostDepreciationrate=$110,00025%=$27,500 2022 Depreciation Expenses =$27,500 Explanation: Note:- Depreciation expenses is calculated based on asset cost and depreciation rate Step 2/2 Final answer Declinging Balance Method:- 2022 Depreciation Expenses =$27,500 2023 Depreciation Expenses =$20,625