sandhill co purchased a new machine on october 1, 2022 at a cost of 67560. the company estimated that the machine has a salvage value of 6900. the machine is expected to be used for 72200 working hours during its 6 year life. compute the depreciation expense under the straight line method for 2022 and 2023, assuming a december 31 year end.

Sandhill Co. purchased a new machine on October 1,2022 , at a cost of $67,560. The company estimated that the machine has a salvage value of $6,900. The machine is expected to be used for 72,200 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.)