E9-5, Determine straight-line depreciation for partial period.

E9-5. Determine straight-line depreciation for partial period Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $90,000 The company estimated that the machine has a salvage value of SS,000 The machine is expected to be used for 70,000 working hours during its 8 year life. Instructions: Compute the depreciation expense under the straight-line method for 2014 and 2015, assuming a December31 year-end