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Depreciation Methods Clearcopy, a printing company, acquired a new press on January 1. The press cost $171,600 and had an expected life of 8
Depreciation Methods Clearcopy, a printing company, acquired a new press on January 1. The press cost $171,600 and had an expected life of 8 years or 4,500,000 pages and an expected residual value of $15,000 Clearcopy printed 666,500 pages during the year. Do not round intermediate calculations. If required, round your answers to the nearest whole dollar. Required: 1. Compute depreciation expense using the a Straight-line method i b. Double-dedining-balance method c Units-of-production method Depreciation Expense 2. What is the book value of the machine at the end of the year under each method? B Straight-line method b. Double-dedining-balance method c Units-of-production method Book Value
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