Elite Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine at a $490,000 cost with an expected four-year life and a $18,300 salvage value. All sales are for cash, and all costs are out of pocket except for depreciation on the new machine. Additional information includes the following. (Use Table B.1)

Expected annual sales of new product	$	1,930,000
Expected annual costs of new product
Direct materials		480,000
Direct labor		670,000
Overhead excluding straight-line depreciation on new machine		336,000
Selling and administrative expenses		180,000
Income taxes		38	%

Required:
1.	Compute straight-line depreciation for each year of this new machine