Question: Problem 8-27A Calculating depreciation expense using four different methods (L O 3, 5) Weir Service Company purchased a copier on January 1, 2013, for $17,100

Problem 8-27A Calculating depreciation expense using four different methods (L O 3, 5) Weir Service Company purchased a copier on January 1, 2013, for $17,100 and paid an additional $180 for delivery charges. The copier was estimated to have a life of four years or 1,000,000 copies. Salvage was estimated at $1,400. The copier produced 226.000 copies in 2013 and 246.000 copies in 2014. Required: a. Compute the amount of depreciation expense for the copier for calendar years 2013 and 2014. using Straight-line method. (Round your answers to the nearest dollar amount.) 2013 2014 Straight-line $ I 6.30 $1 X10 b. Compute the amount of depreciation expense for the copier for calendar years 2013 and 2014, using Units -of -production method. (Round cost per unit to 2 decimal places and final answers to the nearest dollar amount.) 2013 $ 2014 Units -of -production c. Compute the amount of depreciation expense for the copier for calendar years 2013 and 2014. using Double -declining -balance method. (Round your answers to the nearest dollar amount.) $ 2013 $ 2014 Double -declining balance d. Compute the amount of depreciation expense for the copier for calendar years 2013 and 2014, using MACRS method, assuming that the copier is classified as five-year property. (Round your answer to the nearest dollar amount.) MACRS table
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
