Novak Company purchased machinery on January 1, 2017, for $86,400. The machinery is estimated to have a salvage value of $8,640 after a useful life of 8 years. Compute 2017 depreciation expense using the double-declining-balance method. Depreciation expense Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017. (Round answer to o decimal places, e.g. 5,125.) Depreciation expense Question Attempts: 0 of 1 used