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Depreciation Methods Clearcopy, a printing company, acquired a new press on January 1, 2011. The press cost $171,600 and had an expected life of eight
Depreciation Methods Clearcopy, a printing company, acquired a new press on January 1, 2011. The press cost $171,600 and had an expected life of eight years or 4,500,000 pages and an expected residual value $15,000. Clearcopy printed 697,000 pages in 2011. Do not round intermediate calculations. If required, round your answers to two decimal places. 1. Compute 2011 depreciation expense using the: 2011 a. Straight-line method per year b. Double-declining-balance method C. Units-of-production method 2. What is the book value of the machine at the end of 2011? Book Value a. Straight-line method b. Double-declining-balance method C. Units-of-production method
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