PART B) Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020.

Wildhorse Company purchased machinery on January 1, 2020, for $94,400. The machinery is estimated to have a salvage value of $9,440 after a useful life of 8 years. (a) Compute 2020 depreciation expense using the double-declining-balance method. Depreciation expense $