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Lockard company purchased machinery on january

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1. 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 straight-line method. 

(b) Compute 2010 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2010. 

Reference no: EM131120069

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