Problem 3 10 points In January 20x7, Rogers Co. purchased a machine that cost $65,000. The equipment is estimated to have a 5-year life and a salvage value of $15,000. Required: a) Compute the amount of depreciation expense for 20):? and 2013 using the double declining balance method. b) Assume the Company used straight-line depreciation and sold the machine on April I, 20x9 for $39,000 cash. Record the journal entry for the disposal and indicate your debit entryes) and your credit entryes)