Depriciation

Kelm Company purchased a new machine on October 1, 2010, at a cost of $120,000.The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.InstructionsCompute the depreciation expense under the following methods for the year indicated. Straight-line for 2010.Units-of-activity for 2010, assuming machine usage was 1,700 hours$ Declining-balance using double the straight-line rate for 2010 and 2011.2010$2011$