Question
Summer Leisure Unlimited purchased a color laser printer for $1,114. Delivery costs totaled $47 and handling costs were $77. The useful life is 5 years
Summer Leisure Unlimited purchased a color laser printer for $1,114. Delivery costs totaled $47 and handling costs were $77. The useful life is 5 years and the salvage value is $218.
Using the sum-of-the-years' digit depreciation method, calculate the book value at the end of year 2.
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
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