Depreciation methodsclearcopy a printing company acquired a, Ask an Expert

Accounting

DEPRECIATION METHODS

Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost $171,600 and had an expected life of eight years or 4,500,000 pages and an expected re- sidual value of $15,000. Clearcopy printed 675,000 pages in 2009.

Required:

1. Compute 2009 depreciation expense using the:

a. straight-line method

b. double-declining-balance method

c. units-of-production method

2. What is the book value of the machine at the end of 2009?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91609698

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