ASAP

On May 1. Oriole Company purchased factory equipment for $748700. The asset's useful life in hours is estimated to be 198000 . The estimated salvage value is $35000 and the estimated useful life in years is 9 . The machine was used for 23000 hours in the first year. If the straight-line method will be used, what is depreciation expense for the first year of the asset's life? $55459$79300$52867$82800