Brief Exercise 11-4 Oriole Company purchased machinery on January 1, 2017, for $87,200. The machinery is estimated to have a salvage value of $8,720 after a useful life of 8 years. Compute 2017 depreciation expense using the double-declining-balance method. Depreciation expense $ 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 $