On April 30, 2023, Austin Bound Center purchased a copy machine for $44.500. Austin Sound Center expects the machine to last for five years and to have a residual of $2.500 Comp depreciation expense on the machine for the year ended December 31, 2023 using the straight line method Begin by selecting the formula to calculate the company's depreciation expenss on the machine for the year ended December 31, 2023. Then enter the amounts and calculate the depreciation expense (Abbreviation used Acc accumulated. Do not round intermediary calculations.)