Blue Company purchased machinery on January 1,2020 , for $97 , 600 . The machinery is estimated to have a salvage value of $9 , 760 after a useful life of 8 years. Compute 2020 depreciation expense using the double-declining-balance method. Depreciation expense eTextbook and Media Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. (Round answer to O decimal places, e.8. 5,125.) Depreciation expense