Identify each statement as true or false. If false, indicate how to correct the statement Gotham Company purchased a new machine on October 1,2017, 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 workimg hours during its 8-year life. Instructions Compute the depreciation expense under the straight line method for 2017 and 2018, assuming a December 31 year -end 9-5