DEPRECIATION METHODS Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost

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DEPRECIATION METHODS Clearcopy, a printing company, acquired a new press on January 1, 2009. The press cost

$171,600 and had an expected life of eight years or 4,500,000 pages and an expected residual value of $15,000. Clearcopy printed 675,000 pages in 2009.

Required:

. Compute 2009 depreciation expense using the:

a. straight-line method

b. double-declining-balance method

c. units-of-production method

. What is the book value of the machine at the end of 2009?

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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