Brief Exercise 11-4 Monty Company purchased machinery on January 1, 2017, for $81,600. The machinery is estimated to have a salvage value of $8,160 after a useful life of 8 years. Compute 2017 depreciation expense using the double-declining-balance method Depreciation expense LINK TO TEXT Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to 0 decimal places, e.g. 5,125.) Depreciation expense