Novak Company purchased machinery on January 1, 2020, for $100,000. The machinery is estimated to have a salvage value of $10,000 after a useful life of 8 years Compute 2020 depreciation expense using the straight-line method. Depreciation expenses Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020. Depreciation expense $ NEXT