Question 4 of 8 View Policies Depreciation expense under the straight-line method $ eTextbook and Media Current Attempt in Progress Cullumber Company purchased a new machine on October 1, 2025, at a cost of $90,880. The company estimated that the machine has a salvage value of $8,320. The machine is expected to be used for 72,700 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. Save for Later 2025 $ -/10 2026 ||| Attempts: 0 of 3 used *** Submit Answer

Cullumber Company purchased a new machine on October 1.2025 , at a cost of $90,880. The company estimated that the machine has a salvage value of $8,320. The machine is expected to be used for 72,700 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