Cullumber company purchased a new machine on october 1, 2017, at a cost of $90,880. the company estimated that the machine has a salvage value of $8,640. the machine is expected to be used for 72,700 working hours during its 8-year life. compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a december 31 year-end.

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.