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Oriole Company purchased a new machine on October 1, 2022. at a cost of $68.880. The company estimated that the machine has a salvage value

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Oriole Company purchased a new machine on October 1, 2022. at a cost of $68.880. The company estimated that the machine has a salvage value of $5.940. The machine is expected to be used for 48.880 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming December 31 year-end. (Round answers to 2 decimal places, e.3.5,275.25.) pport 2022 2023 The depreciation expense under the straight-line methods

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