Depreciation Methods

Clearcopy, a printing company, acquired a new press on January 1, 2013. 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 700,000 pages in 2013. Do not round intermediate calculations. If required, round your answers to the nearest cent.

Required:

1. Compute 2013 depreciation expense using the:

		2013
a.	Straight-line method	$
b.	Double-declining-balance method	$
c.	Units-of-production method	$

2. What is the book value of the machine at the end of 2013 under each method?

		Book Value
a.	Straight-line method	$
b.	Double-declining-balance method	$
c.	Units-of-production method	$