Sunland Company purchased a new machine on October 1, 2022, at a cost of $67,380. The company estimated that the machine has a salvage value of $6,120. The machine is expected to be used for 47,380 working hours during its 6-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		$Enter a dollar amount for year 2022		$Enter a dollar amount for year 2023

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Year 2022 2023 Depreciation Expenses 255250 1021000 Cost of Equipm... View the full answer