Compute 2010 depreciation expense


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 double-declining-balance method. B) Compute 2010 depreciation expense using the double-declining-balance method assuming the machinery was purchased on October 1,2010.

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Accounting Basics: Compute 2010 depreciation expense
Reference No:- TGS084741

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