Lockard company purchased machinery on january 1 2014 for

Question

Problem

Lockard Company purchased machinery on January 1, 2014, for $103,840. The machinery is estimated to have a salvage value of $10,384 after a useful life of 8 years.

Compute 2014 depreciation expense using the sum-of-the-years'-digits method.

Compute 2014 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2014.