Monty Corp. purchased a new machine on October 1, 2022, at a cost of $124,000. The company estimated that the machine will have a salvage value of $15,000. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) * Your answer is incorrect. Compute the depreciation expense under straight-line method for 2022. Depreciation expense 2022 49600