Value: 16.00 points Factor Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine at a $503,000 cost with an expected four-year life and a $19,000 salvage value. All sales are for cash, and all costs are out-of-pocket, except for depreciation on the new machine. Additional information includes the following. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) 1,890,000 Expected annual sales of new product Expected annual costs of new product 465,000 Direct materials 680,000 Direct labor Overhead (excluding straight-line depreciation on new 337,000 machine) 149,000 Selling and administrative expenses 36% Income taxes Required: 1. Compute straight-line depreciation for each year of this new machine's life Straight-line depreciation