ACC 304 All Assignments ACC 304 All Assignments | Page 160

d. an abandonment of the asset. ACC 304 Week 4 Chapter 11 Homework Click Below Link To Purchase http://www.foxtutor.com/product/acc-304-week-4- chapter-11-homework ACC 304 Week 4 Chapter 11 Homework 1) Lockard Company purchased machinery on January 1, 2014, for $102,960. The machinery is estimated to have a salvage value of $10,296 after a useful life of 8 years. 2) Compute 2014 depreciation expense using the double-declining- balance method. 3) Compute 2014 depreciation expense using the double-declining- balance method, assuming the machinery was purchased on October 1, 2014. 4) Everly Corporation acquires a coal mine at a cost of $452,000. Intangible development costs total $113,000. After extraction has