Splish Company purchased machinery on January 1, 2020, for $99,200. The machinery is estimated to have a salvage value of $9,920 after a useful life of 8 years. (b) Your answer is incorrect. Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. (Round answer to decimal places, e.g. 5,125.) Depreciation expense $ |