Question: Current Attempt in Progress Blossom Company purchased a new machine on October 1,2022 , at a cost of $66 , 000 . The company estimated

Current Attempt in Progress Blossom Company purchased a new machine on

Current Attempt in Progress Blossom Company purchased a new machine on October 1,2022 , at a cost of $66 , 000 . The company estimated that the machine has a salvage value of $5 , 400 . The machine is expected to be used for 70,000 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 0 decimal places, eg. 5,275.)

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