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Crane Company purchased machinery on January 1, 2020, for $80,800. The machinery is...

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Crane Company purchased machinery on January 1, 2020, for $80,800. The machinery is estimated to have a salvage value of $8,080 after a useful life of 8 years. Compute 2020 depreciation expense using the double-declining-balance method. Depreciation expense $ e Textbook and Media 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 $ e Textbook and Media

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