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Ivanhoe Company purchased a new machine on October 1 , 2 0 2 5 , at a cost of $ 7 7 , 9 8

Ivanhoe Company purchased a new machine on October 1,2025, at a cost of $77,980. The company estimated that the machine has a salvage value of $6,580. The machine is expected to be used for 72,900 working hours during its 7-year life.
Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end.
\table[[Depreciation expense under the straight-line method,2025,2026]]
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