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Grouper Company purchased a new machine on October 1,2020 , at a cost of $114,800....

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Accounting

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Grouper Company purchased a new machine on October 1,2020 , at a cost of $114,800. The company estimated that the machine will have a salvage value of $14,800. The machine is expected to be used for 10,000 working hours during its 4 -year life. Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to 0 decimal places, es. 2,125)

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