Question 2 of 4 1.33/4 View Policies Show Attempt History Current Attempt in Progress Ayayal Company purchased a new machine on October 1, 2020, at a cost of $114,400. The company estimated that the machine will have a salvage value of $14,400. The machine is expected to be used for 10,000 working hours during its 5-year te Your answer is correct. Compute the depreciation expense under straight-line method for 2020. (Round answer to decimal places, 13 2.125) 2020 $ Depreciation expense 5000 e Textbook and Media Attempts: 2 of 3 used (b) 19,100 (c) Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to decimal places, es 2.125.) 2020 2021 Depreciation expense $ $ eTextbook and Media Savn for Later Attempts: 0 of used