Current Attempt in Progress

Pharoah Company purchased a new machine on October $1,2027,$ at a cost of $$89,200.$ The company estimated that the machine has a salvage value of $$8,880.$ The machine is expected to be used for $72,500$ working hours during its $8-$year life.

Compute the depreciation expense under the straight$-$line method for $2027$ and $2028,$ assuming a December $31$ year$-$end. $($Round answers to $2$ decimal place &s$.5,275\mathrm{.}23)$

$2027$

$2028$

The depreciation expense under the straight$-$line method