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Kingbird Company purchased machinery on January 1, 2020, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life

Kingbird Company purchased machinery on January 1, 2020, for $96,800. The machinery is estimated to have a salvage value of $9,680 after a useful life of 8 years.

Compute 2020 depreciation expense using the straight-line method.

Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020.

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