Depreciation Methods Clearcopy, a printing company, acquired a new press on January 1. The press cost...

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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 years or 4,500,000 pages and an expected residual value of $15,000. Clearcopy printed 661,600 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 b. Double-declining-balance method Depreciation Expense. 19,575 V 42,900 c. Units-of-production method 2. What is the book value of the machine at the end of the year under each method? Book Value a. Straight-line method b. Double-declining-balance method C. Units-of-production method $ 152,025 V 128,700 X 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 661,600 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 b. Double-declining-balance method Depreciation Expense. 19,575 V 42,900 c. Units-of-production method 2. What is the book value of the machine at the end of the year under each method? Book Value a. Straight-line method b. Double-declining-balance method C. Units-of-production method $ 152,025 V 128,700 X