Exercise 9-06 a-c (Video) (Part Level Submission) Concord Corporation purchased a new machine on October 1, 2020, at a cost of $117,000. The company estimated that the machine will have a salvage value of $11,500. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.) 2019 Depreciation expense Click if you would like to Show Work for this question: OpenShow Work