Nash Company purchased machinery on January 1, 2020, for $81,600. The machinery is estimated to have a salvage value of $8,160 after a useful life of 8 years.

(a)

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Your answer is correct.

Compute 2020 depreciation expense using the double-declining-balance method.

Depreciation expense

$enter Depreciation expense in dollars

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(b)

Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.)

Depreciation expense