Lockard Company purchased machinery on January 1, 2012, for $138,560. The machinery is estimated to have a salvage value of $13,856 after a useful life of 8 years.
(a) Compute 2012 depreciation expense using the double-declining-balance method. (b) Compute 2012 depreciation expense using the double-declining-balance method assuming the machinery was purchased on October 1, 2012.