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Current Attempt in Progress Blossom Company purchased a new machine on October 1, 2022, at a cost of $66,960. The company estimated that the

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Current Attempt in Progress Blossom Company purchased a new machine on October 1, 2022, at a cost of $66,960. The company estimated that the machine has a salvage value of $6,360. The machine is expected to be used for 70,700 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 O decimal places, eg. 5,275.) 2022 The depreciation expense under the straight-line method $ 2023

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