Lockard Company purchased machinery on January 1, 2014, for $158,640. The machinery is estimated to have a salvage value of $15,864after a useful life of8years.

Compute 2014 depreciation expense using the double-declining-balance method.

Depreciation expense

$

Compute 2014 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2014.

Depreciation expense

$