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Sheridan Company purchased machinery on January 1,2025 , for $85,600. The machinery is estimated to have a salvage value of $8,560 after a useful life

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Sheridan Company purchased machinery on January 1,2025 , for $85,600. The machinery is estimated to have a salvage value of $8,560 after a useful life of 8 years. (a) Your answer is correct. Compute 2025 depreciation expense using the double-declining-balance method. Depreciation expense $ eTextbook and Media Attempts: 1 of 5 usec (b) Compute 2025 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2025. (Do not round intermediate calculations. Round final answer to 0 decimal places, e.g. 5,125.) Depreciation expense $

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