Question 87 0/1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. On September 19, 2020, Vaughn Manufacturing purchased machinery for $476000. Salvage value was estimated to be $24000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. If depreciation is computed on the basis of the nearest full month, Vaughn should record depreciation expense for 2021 on this machinery of $75333. $102472. $97306. $97542 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer Question 84 --/1 View Policies Current Attempt in Progress On July 1, 2020, Concord Corporation purchased factory equipment for $283000. Salvage value was estimated to be $7900. The equipment will be depreciated over five years using the double-declining balance method. Counting the year of acquisition as one-half year, Concord should record depreciation expense for 2021 on this equipment of $90560. $58180. $67920. $113200. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit