E10-6 Rottino Company purchased a new machine on October 1, 2017, at a cost of $150,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Instructions Compute the depreciation expense under the following methods for the year indicated. Straight-line for 2017 2 what is the journal entry on 31 December 2017? What to report in the income statement and balance sheet for the year ended December 31, 2017? What about 2018? 1 The Depreciation expense is