Lockard company purchased machinery on january 1 2012 for

Reference no: EM13581606

Lockard Company purchased machinery on January 1, 2012, for $196,880. The machinery is estimated to have a salvage value of $19,688 after a useful life of 8 years.

Compute 2012 depreciation expense using the sum-of-the-years-digits method assuming the machinery was purchased on April 1, 2012. (Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 2,520.)

Reference no: EM13581606

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