98. Crane Company purchased a new machine on October 1, 2017, at a cost of $80,500. The company estimated that the machine has a salvage value of $6,720. The machine is expected to be used for 72,400 working hours during its 7-year life.

Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.)

The depreciation expense under the straight-line method

2017 2018

$ $