Depreciation Methods

Clearcopy, a printing company, acquired a new press on January 1, 2019. 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 692,300 pages in 2019. Do not round intermediate calculations. If required, round your answers to the nearest whole dollar.

Compute 2019 depreciation expense using the:

Straight-line method:

Double-declining-balance method:

Units-of-production method

What is the book value of the machine at the end of 2019 under each method?

Straight-line method:

Double-declining-balance method:

Units-of-production method: