Question 5 Tamarisk Company purchased machinery on January 1, 2020, for $92,800. The machinery is estimated to have a salvage value of $9,280 after a useful life of 8 years. Your answer is correct Compute 2020 depreciation expense using the double-decining-balance method. Depreciation expense 23200 LINK TO TEXT Your newer is incorrect. Try Comouna 2020 croreceten experie costing the double elaning balance method, assuming the machinery was purchased on October 1, 2020. (round answer to 0 decimal places 1.) 1