Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost $171,600 and

Question:

Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost

$171,600 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 2009.

Required:

1. Compute 2009 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 2009?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

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Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 03:07 AM

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Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost $171,600 and

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Cornerstones of Financial and Managerial Accounting

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