Lockard company purchased machinery on january 1 2010 for, Ask an Expert

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Lockard Company purchased machinery on January 1, 2010 for 80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years.

A) Compute 2010 depreciation expense using the sum-of the-years‘-digits method.

B) Compute 2010 depreciation expense using the sum-of-the-years'-digits method assuming the machinery was purchased on April 1,2010

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Category:- Accounting Basics
Reference No.:- M9430680

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