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Sheffield Company purchased a new machine on Oct 1, 2020, at a cost of $113,200. The company estimated that the machine will have a salvage

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Sheffield Company purchased a new machine on Oct 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. decimal places, 0.0.2.125.) Compute the depreciation expense under declining balance using double the straight-line rate for 2020 and 2021. Round answers to 2020 2021 Depreciation expense Click if you would like to Show Work for this question: Open Show Work

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