So a lens that has a circle of 240mm cannot be used on 8x10 cameras because 240mm equals 9.45 inches? That's under 10 inches.
Very simply put, yes - sort of.
Suitability of the format depends on the image
diagonal. The diagonal of 8x10" = 12.8" or 325mm. So you need a lens that projects a (usable) image circle of at least 325 in order to obtain a corner-to-corner usable image on 8x10".
There are some caveats. Of course, wat constitutes usable will vary between people and situations. Some may feel it's OK if the corners go black since they'll crop it out or exhibit it for artistic effect. This makes the requirements a little more lax.
Furthermore, the image circle is the smallest at infinity focus (it's actually even smaller beyond infinity, but since nothing will be sharp, it's a moot point). As you focus closer, the lens extends further away from the image plane and hence, the image circle grows. For this reason, a lens with an image circle of 240mm at infinity can be perfectly usable for close-up works on 8x10". In fact, it's a very effective way to make (extreme) closeups on large format without running out of bellows draw, and somewhat limiting the effects of light falloff as a result of the extension factor. But this utility is limited to the focus range where the image circle will be adequate.
So it depends on a couple of things.