Show Attempt History Current Attempt in Progress Your answer is incorrect. Crane Company purchased a new machine on October 1, 2022, at a cost of $89,920. The company estimated that the machine has a salvage value of $9,440. The machine is expected to be used for 71,300 working hours during its 8-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.) The depreciation expense under the straight-line method 2022 2023