Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine will have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5-year life.

(a)

Compute the depreciation expense under straight-line method for 2022.

		2022
Depreciation expense		$enter depreciation expense amount in dollar