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Sunland Company purchased a new machine on October 1, 2022, at a cost of $80,360. The company estimated that the machine has a salvage value

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Sunland Company purchased a new machine on October 1, 2022, at a cost of $80,360. The company estimated that the machine has a salvage value of $7,910. The machine is expected to be used for 70,800 working hours during its 7 -year life. Compute the depreciation expense under the straight-fine method for 2022 and 2023 , assuming a December 31 year-end. (Round answers to 2 decimal places, e.8. 5,275.25. )

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