Your answer is incorrect.

Compute the depreciation expense under declining$-$balance using double the straight$-$line rate for $2022$ and $2023.$

eTextbook and MediaSheffield Corp. purchased a new machine on October $1,2022,$ at a cost of $$129,000.$ The company estimated that the machine will

have a salvage value of $$17,500.$ The machine is expected to be used for $10,000$ working hours during its $5-$year life.

Your answer is incorrect.

Compute the depreciation expense under declining$-$balance using double the straight$-$line rate for $2022$ and $2023.$

eTextbook and Media