Manufacturing Inc. purchased a machine on $1$ January $202$ for $$520,000.$ The estimated physical life of the machine is $15$ years, but the estimated useful life to Manufacturing is $10$ years. The equipment has an estimated residual value of $$29,560.$ The equipment was ready for use on $1$ January $202.$

Required:

Calculate depreciation expense for $202$ and $203$ using the straight$-$line method.

$\backslash$table$[[,202,203$