Jensen Company purchased a new machine on October 1, 2017, at a cost of $104,000. The company established that machine has a value of $8,000. The machine is expected to be used for 80,000 working hours during its 8-year life. Compute depreciation using the following in the year indicated. Straight-line for 2017 and 2018, assuming a December 31 year-end. By accessing this Question Assistance, you will learn while you earn points later on the point potential one by your instructor