Bonita Company purchased machinery on January 1, 2020, for $87,200. The machinery is estimated to have...

Bonita Company purchased machinery on January 1, 2020, for $87,200. The machinery is estimated to have a salvage value of $8,720 after a useful life of 8 years.

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

Compute 2020 depreciation expense using the double-declining-method method assuming the machinery was purchased on September 1, 2020.

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