Concord Company purchased a new machine on October 1, 2020, at a cost of $115.900. The company estimated that the machine will have a salvage value of $13.900. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is incorrect Compute the depreciation expense under straight-line method for 2020. (Round answer to decimal places, eg. 2,125) 2020 Depreciation expense $ e Textbook and Media Assistance Used Textbook