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Question: Weir Service Company purchased a copier on January 1, 2014, for $18,300 and paid an additional $140 for delivery charges. The copier was estimated to have a life of four years or 1,000,000 copies. Salvage was estimated at $1,000. The copier produced 230,000 copies in 2014 and 249,000 copies in 2015.

Required: a. Compute the amount of depreciation expense for the copier for calendar years 2014 and 2015, using Straight-line method.

b. Compute the amount of depreciation expense for the copier for calendar years 2014 and 2015, using Units-of-production method. (Round "Cost per unit" to 3 decimal places.)

c. Compute the amount of depreciation expense for the copier for calendar years 2014 and 2015, using Double-declining-balance method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93073571

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