Question: Exercise 9-5 Your answer is incorrect.Try again. Gotham Company purchased a new machine on October 1, 2017, at a cost of $90,000. The company estimated

Exercise 9-5

Your answer is incorrect.Try again.

Gotham Company purchased a new machine on October 1, 2017, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for70,000working hours during its8-year life.

Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end.(Round answers to 0 decimal places, e.g. 5,275.)

2017

2018

The depreciation expense under the straight-line method$

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