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Current Attempt in Progress X Your answer is incorrect. Crane Company purchased a new machine on October 1, 2025, at a cost of $90,080. The

image text in transcribed Current Attempt in Progress X Your answer is incorrect. Crane Company purchased a new machine on October 1, 2025, at a cost of $90,080. The company estimated that the machine has a salvage value of $8,480. The machine is expected to be used for 71,400 working hours during its 8-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 2025 87530 2026 77330

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