Question: A printing press that costs $285,900 is depreciated using the 1.5 declining-balance method. The scrap value of the press is estimated to be $3,000 and

A printing press that costs $285,900 is depreciated using the 1.5 declining-balance method. The scrap value of the press is estimated to be $3,000 and the press has an expected life of 20 years. Prepare the first four years of a depreciation schedule.

Total cost Annual Accumulated End-of-year $285,900 Year depreciation depreciation book value 4

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