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BE11-2 Lockard Company purchased machinery on January 1, 2014,

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June 7th, 2024

BE11-2 Lockard Company purchased machinery on January 1, 2014, for $80,000. The machinery is esti- mated to have a salvage value of $8,000 after a useful life of 8 years. (a) Compute 2014 depreciation expense using the straight-line method. (b) Compute 2014 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2014.

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