Computing Depreciation for Partial Years

A company with a calendar year$-$end purchases a machine costing $\backslash (\backslash$$ $129,000\backslash )$ on July $1$ of the current year. The machine is expected to be obsolete after five years $(60$ months$)$ and, thereafter, no longer useful to the company. The estimated salvage value is $\backslash (\backslash$$ $6,000\backslash ).$ The company's depreciation policy is to record depreciation for the portion of the year that the asset is in service. Compute depreciation expense for both the current fiscal year and for the following fiscal year under the straight$-$line depreciation method.