KILLU, Intermediate Accounting, 12CE Volume 1 Hele 1 System Announcements 4 RACE PRINTER VERSION Question 19 Sunland Ltd. purchased machinery on January 1, 2020, for $80,000. The machinery is estimated to have a residual value of $5,760 after a useful life of eight years Calculate the 2020 depreciation expense using the double-declining balance method. Depreciation expense Calculate the 2021 depreciation expense using the double-declining balance method, but assuming the machinery was purchased on October 1, 2020. (Round answer to o dec places, e.g. 5,275. Do not round Intermediate calculations.) Depreciation expense Question Attempts: 0 of 1 used SAVE FOR LATER