Brief Exercise 11-4 Pearl Company purchased machinery on January 1, 2017 for $88,000. The machinery is estimated to have a salvage value of $8,800 after a useful Me of 8 years. Compute 2017 depreciation expens using the double decining balance method. Depreciation expenses Compute 2017 depreciation expense using the double declining balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to decimal places, e.g. 5,125.) Depreciation expense