Pharoah Company purchased a new machine on October $1,2025,$ at a cost of $$89,200.$ The company estimated that the machine has a

salvage value of $$8,560.$ The machine is expected to be used for $72,500$ 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.

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