Lockard SE purchased machinery on January 1, 2019, for 80,000. The machinery is estimated to have a

Question:

Lockard SE purchased machinery on January 1, 2019, for €80,000. The machinery is estimated to have a residual value of €8,000 after a useful life of 8 years.
(a) Compute 2019 depreciation expense using the straight-line method.
(b) Compute 2019 depreciation expense using the straight-line method, assuming the machinery was purchased on September 1, 2019.