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Current Attempt in Progress Cullumber Company purchased a new machine on October 1, 2022, at a cost of $90,400. The company estimated that the machine

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Current Attempt in Progress Cullumber Company purchased a new machine on October 1, 2022, at a cost of $90,400. The company estimated that the machine has a salvage value of $7.760. The machine is expected to be used for 71,800 working hours during its 8-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, e.g. 5,275.25.) a 2022 2023 The depreciation expense under the straight-line method

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