Question: QUESTION 2 9 Penguin Random House purchased its printer for $ 7 0 , 0 0 0 with a useful life of printing 1 0

QUESTION 29 Penguin Random House purchased its printer for $70,000 with

QUESTION 29
Penguin Random House purchased its printer for $70,000 with a useful life of printing 100,000 pages. In the first year, the publisher
printed 50,000 pages.
a. Calculate its depreciation expense using the units-of-production depreciation method. (6 points).
b. Record depreciation expense in the form of journal entries. Be sure to include debit and credit, the account name, and
amounts to receive full credits. (4 points).
a useful life of printing 100,000 pages. In the first year, the

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