Question 3 Sheffield Company purchased a new machine on October 1, 2020, at a cost of $113,200. The company estimated that the machine will have a salvage value of $13,200. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Your answer is incorrect. Try again. Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.) 2020 Depreciation expense LINK TO TEXT