OBrian Service Company purchased a copier on January 1, 2012, for $17,000 and paid an additional $200
Question:
O’Brian Service Company purchased a copier on January 1, 2012, for $17,000 and paid an additional $200 for delivery charges. The copier was estimated to have a life of four years or 800,000 copies. Salvage was estimated at $1,200. The copier produced 230,000 copies in 2012 and 250,000 copies in 2013.
Required
Compute the amount of depreciation expense for the copier for calendar years 2012 and 2012, using these methods:
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
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a Straightline Cost 17000 Delivery Cost 200 Total 17200 Less S...View the full answer
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Related Book For
Survey of Accounting
ISBN: 978-0078110856
3rd Edition
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
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