Current Attempt in Progress Sheridan Company purchased a new machine on October 1, 2025, at a cost of $77,980. The company estimated that the machine has a salvage value of $7,420. The machine is expected to be used for 57,980 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end. Depreciation expense under the straight-line method eTextbook and Media Save for Later 2025 $ 2026 Attempts: 0 of 2 used Submit