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E9.7 (LO 2), AP Gotham Company purchased a new machine on October 1,2025 , at a cost of $90,000. The company estimated that the machine

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E9.7 (LO 2), AP Gotham Company purchased a new machine on October 1,2025 , at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 10 -year life. Instructions Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end

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