Marigold Company purchased machinery on January 1, 2020, for $83,200. The machinery is estimated to have a salvage value of $8,320 after a useful life of 8 years. Your answer is incorrect. Compute 2020 depreciation expense using the straight-line method. Depreciation expense $ e Textbook and Media Your answer is incorrect. Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020. Depreciation expense $