Oriole Company purchased machinery on January 1, 2020, for $96,000. The machinery is estimated to have a salvage value of $9,600 after a useful life of8years. X Your answer is incorrect. Compute 2020 depreciation expense using the straight-line method. Depreciation expense $ 21600 e Textbook and Media X Your answer is incorrect. Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020. Depreciation expense $ 16200 e Textbook and Media