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Compute depreciation expense using the straight-line method

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Reference no: EM131774163

Question - 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 straight-line method.

B) Compute 2010 depreciation using method assuming the machinery was purchased on September 1, 2010.

Reference no: EM131774163

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