On July 1, 2020, Waterway Corporation purchased factory equipment for $291000. Salvage value was estimated to be $8000. The equipment will be depreciated over five years using the double-declining balance method. Counting the year of acquisition as one-half year, Waterway should record depreciation expense for 2021 on this equipment of $59800. $116400. $93120. O $69840. On July 1, 2020, Oriole Company purchased machinery for $239000. Salvage value was estimated to be $10500. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, Oriole should record depreciation expense for 2021 on this machinery of of $38240. $32265. $43020. $43545