I could use some help with the last part of this hw ### Depreciation Expense Calculation**Task (b):** Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,900 hours. **Instructions:** - Round depreciable cost per unit to 2 decimal places, e.g., 0.50. - Round the final answer to 0 decimal places, e.g., 2,125.**Input Fields:** - **2022 Depreciation Expense:** - Enter the calculated depreciation expense in dollars ($).**Additional Resources:** - **eTextbook and Media:** Access supplementary materials for more in-depth learning.**Submission Details:** - You have 3 attempts to submit the correct answer. - Use the "Submit Answer" button to submit your response.**Options:** - Save your progress for later with the "Save for Later" button. **Question 2 of 9****Current Attempt in Progress**Cheyenne Corp. purchased a new machine on October 1, 2022, at a cost of $131,000. The company estimated that the machine will have a salvage value of $18,500. The machine is expected to be used for 10,000 working hours during its 5-year life.---**(a)**✔ Your answer is correct.Compute the depreciation expense under straight-line method for 2022.| | 2022 ||--------------|------|| Depreciation expense | $5625 |---**eTextbook and Media**Attempts: 1 of 3 used

Units of activity method: Under units-of-activity method, depreciation is computed based on the…

(b) Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,900 hours. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and final answer to 0 decimal places, e.g. 2,125.) 2022 Depreciation expense 2$

(b) Compute the depreciation expense under units-of-activity for 2022, assuming machine usage was 1,900 hours. (Round depreciable cost per unit to 2 decimal places, e.g. 0.50 and final answer to 0 decimal places, e.g. 2,125.) 2022 Depreciation expense 2$

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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