Oriole Company purchased a new machine on October 1, 2025, at a cost of $68,880. The company estimated that the machine has a salvage value of $6,240. 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 2025 and 2026, assuming a December 31 year-end. Depreciation expense under the straight-line method $ 2025 2026

Oriole Company purchased a new machine on October 1,2025 , at a cost of $68,880. The company estimated that the machine has a salvage value of $6,240. 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 2025 and 2026, assuming a December 31 year-end