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Compute 2014 depreciation expense using the

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.

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Accounting Basics: Compute 2014 depreciation expense using the

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