Question

Clearcopy, a printing company, acquired a new press on January 1, 2011. The press cost $173,400 and had an expected life of eight years or 4,500,000 pages and an expected residual value of $15,000. Clearcopy printed 675,000 pages in 2011.

Required:
1. Compute 2011 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 2011 under each method?


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  • CreatedSeptember 22, 2015
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