Question 3 --/1 View Policies Current Attempt in Progress Crane Company purchased a new machine on October 1, 2022, at a cost of $80,500. The company estimated that the machine has a salvage value of $6,720. The machine is expected to be used for 72,400 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.) 2022 2023 The depreciation expense under the straight-line method $ e Textbook and Media Attempts: 0 of 3 used