On January 1, 2020, 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 Give Carps journal entry to purchase the printer Calculate Carps depreciation expense for 2020, 2021, and 2022, under the straight line, unit, and double declining balance methods Assume that the printer printed 800 documents in 2020, 1,600 documents in 2021, and 1,200 documents in 2022 Using straight line depreciation, what is Carps accumulated depreciation at December 31, 2022 What is the net value of the asset at December 31, 2022 Using unit depreciation, what is Carps accumulated depreciation at December 31, 2021 What is the net value of the asset at December 31, 2021 Using double declining balance depreciation, what is Carps accumulated depreciation at December 31, 2020 What is the net value of the asset at December 31, 2020

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Question: On January 1, 2020, Carp Corp. purchased a printer designed to print documents for a cost of $2,800. In addition to this purchase price, Carp

On January 1, 2020, 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.

Give Carps journal entry to purchase the printer.

Calculate Carps depreciation expense for 2020, 2021, and 2022, under the straight-line, unit, and double-declining balance methods. Assume that the printer printed 800 documents in 2020, 1,600 documents in 2021, and 1,200 documents in 2022.

Using straight-line depreciation, what is Carps accumulated depreciation at December 31, 2022? What is the net value of the asset at December 31, 2022?

Using unit depreciation, what is Carps accumulated depreciation at December 31, 2021? What is the net value of the asset at December 31, 2021?

Using double declining balance depreciation, what is Carps accumulated depreciation at December 31, 2020? What is the net value of the asset at December 31, 2020?

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