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Your answer is incorrect. Crane Company purchased a new machine on October 1 , 2 0 2 5 , at a cost of $ 8

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Crane Company purchased a new machine on October 1,2025, at a cost of $89,920. The company estimated that the machine has a salvage value of $9,280. The machine is expected to be used for 71,300 working hours during its 8-year life.
Compute the depreciation expense under the straight-line method for 2025 and 2026, assuming a December 31 year-end.
\table[[,2025,2026,],[Depreciation expense under the straight-line method,$,$,]]
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