On January 1, 2016, Carp Corp. purchased a printer designed to print documents for a cost of $2,800. In addition to this purchase price, Carp had to pay $300 cash for installation of the system

The system is expected to last for 10 years, or print 12,000 documents, after which time it will have a residual value of $100.

a. Give Carps journal entry to purchase the printer.

b. Calculate Carps depreciation expense for 2016, 2017, and 2018, under the straight-line, unit, and double declining balance methods. Assume that the printer printed 800 documents in 2016, 1,600 documents in 2017, and 1,200 documents in 2018.

c. Using straight-line depreciation, what is Carps accumulated depreciation at December 31, 2018? What is the net value of the asset at December 31, 2018?

d. Using unit depreciation, what is Carps accumulated depreciation at December 31, 2017? What is the net value of the asset at December 31, 2017?

e. Using double declining balance depreciation, what is Carps accumulated depreciation at December 31, 2016? What is the net value of the asset at December 31, 2016?