Crane Inc.reported the following information about two of its machines as at December 31, 2023. The new controller of the companyWendy Weink, is proposing new estimates for the useful life and residual value of these machines for 2024 Useful Life (in years ) Residual Value Machine Date Acquired CostOriginal ProposedOriginalProposed # 1 Jan. 1, 2015 $843,000 20 25$ 37,260 $ 64,129 #2 Jan. 1, 2023 121,580 5 $5,100 $3,859. If the company accepts Wendy's proposed changes in useful life and residual value, calculate the depreciation expense for 2024 on both machines.