Question 5 Marigold Company purchased a new machine on October 1, 2020, at a cost of $111,400. The company estimated that the machine will have a salvage value of $11,400 The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (A 2020 2021 Depreciation expense