Waterway Company purchased machinery on January 1, 2020, for $95,200. The machinery is estimated to have a salvage value of $9,520 after a useful life of 8 years. a (b) X Your answer is incorrect. Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020. Depreciation expense $ 14,310 e Textbook and Media Save for Later Attempts: unlimited Submit