Lockard Company purchased machinery on January 1, 2017, for $80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years. Compute 2017 depreciation expense using the sum-of-the-years'-digits method Depreciation expense Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT Attempts: o of 3 used LATER SUBMIT ANSWE SAVE FOR (b) Compute 2017 depreciation expense using the sum-of-the-years'-digits method, assuming the machinery was purchased on April 1, 2017. (Round answerto O decimal places, e.g. 5,125.) Depreciation expense Click if you would like to Show Work for this question: Qpen Show Work