Lockard Company purchased machinery on January 1, 2014, for $95,200. The machinery is estimated to have a salvage value of $9,520 after a useful life of 8 years. Compute 2014 depreciation expense using the double-declining-balance method. Depreciation expense $ LINK TO TEXT Compute 2014 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2014. Depreciation expense $