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Whispering Company purchased machinery on January 1, 2020, for $88,800. The machinery is estimated to...

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Accounting

Whispering Company purchased machinery on January 1, 2020, for $88,800. The machinery is estimated to have a salvage value of $8,880 after a useful life of 8 years.
Compute 2020 depreciation expense using the straight-line method.
Depreciation expense $enter depreciation expense in dollars

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Compute 2020 depreciation expense using the straight-line method assuming the machinery was purchased on September 1, 2020.
Depreciation expense $enter depreciation expense in dollars

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