Vaughn Company purchased machinery on January 1, 2020, for $92,000. The machinery is estimated to have a salvage value of $9,200 after a useful life of 8 years.

Compute 2020 depreciation expense using the double-declining-balance method.

Depreciation expense

$enter Depreciation expense in dollars

Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020. (Round answer to 0 decimal places, e.g. 5,125.)

Depreciation expense

$enter Depreciation expense in dollars rounded to 0 decimal places