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Compute depreciation expense

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Question - Lockard Company purchased machinery on January 1, 2014, for $158,640. The machinery is estimated to have a salvage value of $15,864 after a useful life of 8 years.

Compute 2014 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2014.

Reference no: EM132098077

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