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Lockard Company purchased machinery on January 1,...

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Lockard Company purchased machinery on January 1, 2012, for $151,840. The machinery is estimated to have a salvage value of $15,184 after a useful life of 8 years. (a) Compute 2012 depreciation expense using the straight-line method. (b) Compute 2012 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2012.

 

Paper#7903 | Written in 18-Jul-2015

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