Novak Corp. purchased a new machine on October 1, 2022 at a cost of $353,600. The company estimated that the machine has a salvage value of $27,200. The machine is expected to be used for 272,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. (a) Straight-line for 2022 and 2023, assuming a December 31 year-end. (Round answers to O decimal place, e.g. 1520.) Straight-line method Save for Later 2022 2023 Attempts: 0 of 1 used Submit Answer