Depreciation Methods

Clearcopy, a printing company, acquired a new press on January $1.$ The press cost $$173,000$ and had an expected life of $8$ years or $4,700,000$ pages and an expected residual value of $$15,400.$ Clearcopy printed $695,000$ pages during the year.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

Required:

Do not round intermediate calculations. If required, round your answers to the nearest whole dollar.

$1.$ Compute depreciation expense using the:

Depreciation Expense

a$.$ Straight$-$line method$-$$$19,700$

b$.$ Double$-$declining$-$balance method $$43,250$

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 $$153,300$

b$.$ Double$-$declining$-$balance method $$129,750$

c$.$ Units$-$of$-$production method $