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Lockhard company purchased machinery on january 1 2012 for

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Lockhard Company purchased machinery on January 1, 2012, for $76,200. The machinery is estimated to have a salvage value of $7,620 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.

Reference no: EM13592828

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