PRINTER VERSION BACK N Question 19 Pharoah Ltd. purchased machinery on January 1, 2020, for $62,400. The machinery is estimated to have a residual value of $5,400 after a useful life of eight years. Calculate the 2020 depreciation expense using the double-declining balance method Depreciation expense Calculate the 2021 depreciation expense using the double-declining balance method, but assuming the machinery was purchased on October 1, 2020. (Round answer to 0 decimal places, e.g. 5,275. Do not round Intermediate calculations.) Depreciation expense Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWI