Chapter 9 Homework Your grade has been recorded in the Gradebook. Fri Apr 3, 2020, 12:15:15 PM (America/New York-04:00) Question 3 View Policies Current Attempt in Progress Sheridan Company purchased a new machine on October 1, 2022, at a cost of $66,840. The company estimated that the machine has a salvage value of $6,720. The machine is expected to be used for 70,100 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, s. 5.275.25) 2022 2023 The depreciation expense under the straight-line method $ eTextbook and Media Save for Later Attempts: 0 of 10 used Submit Answer Your grade has been recorded in the Gradebook. Fri, Apr 3, 2020, 12:15:15 PM (America/New York-04:00)