Kingbird Company purchased machinery on January 1, 2020, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years. (a) * Your answer is incorrect. Compute 2020 depreciation expense using the straight-line method. Depreciation expense 24200 eTextbook and Media Save for Later Assistance Used Attempts: 2 of 3 used Submit Answer