Jrrent Attempt In Progress On August 1' 2020, Flounder Corporation purchased a new machine for its assembly process at a cost of $126,000. The company estimated that the machine would have a tradein value of $14,400 at the end of its useful life. Its useful life was estimated to be six years and its working hours were estimated to be 15'000 hours. Flounder's year end is December 31. Calculate the depreciation expense under straight-line method for 2020. (Do not round intermediate calculations. Round nal answer to 0 decimal places. as. 5.275.) Depreciation expense 33 eTextbook and Media EIDLDIIIL.@ AGES