Under IFRS, components of an asset may have different depreciation methods. Prime Printers Ltd. shows the following
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Compute depreciation for the banner printer for the year ended December 31, 2017. Assume that 17,000 copies were made during the year.
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Banner Printer Estimated Depreciation 0 Straight line 200 Straight line Component Purchase Date Co Residual Monitor Method Estimated Life 4 years 200,000 copies 3 years 10 years Jan. 1, 2017 $1,800 Base Unit Jan. 12017 5000000 UOP CPU Jan. 1,2017 4,700 Printer trays Jan. 1, 201715,000 000 Straight line 96,500
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Banner Printer Components Monitor Annual amortization 1800 4 45...View the full answer
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Horngrens Accounting
ISBN: 978-0133855371
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Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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