uestion 8 (1 On January 1, 2018, a company purchased a machine for $27,500, and expects to use the machine a total of 32,000 hours over the next five years. The company set the residual value on the machine at $3,500. The company used the machine 6,000 hours in 2018 and 7,200 hours in 2019. What is the amortization expense in 2019 if the company uses double-declining- balance amortization? $6,875 $6,600 $13,750 $11,000