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Pharoah Company purchased a new machine on October 1, 2025, at a cost of $91,360. The company estimated that the machine has a salvage

 

Pharoah Company purchased a new machine on October 1, 2025, at a cost of $91,360. The company estimated that the machine has a salvage value of $7,840. The machine is expected to be used for 71,360 working hours during its 8-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 $

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