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Depreciation (12 points) On 1/1/18, Aldous Huxley Inc. purchases a printing press for $2,500,000. It is expected to last 20 years and has a salvage

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Depreciation (12 points) On 1/1/18, Aldous Huxley Inc. purchases a printing press for $2,500,000. It is expected to last 20 years and has a salvage value of $300,000. In addition, assume the press is expected to be able to print 50,000,000 pages over its life and had the following amounts of usage over the past two years: 2018: 4,000,000 pages 2019: 3,120,000 pages Determine the depreciation expense and book value of the press for 2018 and 2019 using a) Straight-Line depreciation b) Double Declining Balance c) Units of Production Method Round answers to the nearest dollar

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