Question: A printing press that costs $ 2 8 7 , 5 0 0 is depreciated using the 1 . 5 declining - balance method. The

A printing press that costs $287,500 is depreciated using the 1.5 declining-balance method. The scrap value of the press is estimated to be $2,000 and the press has an expected life of 20 years. Prepare the first year of a depreciation schedule.

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